{"id":2927,"date":"2026-04-04T11:56:29","date_gmt":"2026-04-04T15:56:29","guid":{"rendered":"https:\/\/www.decentralnetwork.org\/news\/?p=2927"},"modified":"2026-04-04T11:56:33","modified_gmt":"2026-04-04T15:56:33","slug":"kalshi-2","status":"publish","type":"post","link":"https:\/\/www.decentralnetwork.org\/news\/kalshi-2\/","title":{"rendered":"Kalshi Blocked in Nevada as Judge Sides With Regulators"},"content":{"rendered":"\n<figure class=\"gb-block-image gb-block-image-91af6989\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"628\" class=\"gb-image gb-image-91af6989\" src=\"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/04\/Untitled-design-2026-04-04T212422.673.webp\" alt=\"Kalshi Blocked in Nevada as Judge Sides With Regulators\" title=\"Untitled design - 2026-04-04T212422.673\" srcset=\"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/04\/Untitled-design-2026-04-04T212422.673.webp 1200w, https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/04\/Untitled-design-2026-04-04T212422.673-300x157.webp 300w, https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/04\/Untitled-design-2026-04-04T212422.673-768x402.webp 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">A Nevada court has dealt a fresh blow to prediction market platform <a href=\"https:\/\/apps.apple.com\/us\/app\/kalshi-trade-news-sports\/id1632713844\" target=\"_blank\" rel=\"noreferrer noopener\">Kalshi, <\/a>keeping the company out of the state\u2019s event-contract market\u2014for now. The decision adds fuel to an ongoing battle over whether these platforms fall under federal financial rules or state gambling laws.<\/h2>\n\n\n\n<p>At the center of the case is a ruling from Judge Jason Woodbury, who agreed with state regulators that Kalshi\u2019s offerings closely resemble traditional betting. The court granted a preliminary injunction, stopping the company from allowing Nevada residents to trade event-based contracts unless it secures a proper gaming license.<\/p>\n\n\n\n<p>This latest move extends an earlier temporary restraining order issued on March 20. That restriction will remain in place through April 17, giving the court more time to review whether longer-term limits should be imposed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Betting or Financial Product?<\/h3>\n\n\n\n<p>Kalshi has consistently argued that its contracts are financial instruments\u2014specifically \u201cswaps\u201d\u2014and should be regulated at the federal level by the Commodity Futures Trading Commission (CFTC). According to the company, federal law gives the agency exclusive authority over such products.<\/p>\n\n\n\n<p>However, the court wasn\u2019t convinced. Judge Woodbury made it clear that, in his view, trading contracts tied to outcomes like sports games or elections is no different from placing a bet through a sportsbook. As reported by Reuters, he stated that the activity is \u201cindistinguishable,\u201d regardless of how it\u2019s structured.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Regulators Gain Early Advantage<\/h3>\n\n\n\n<p>The ruling marks a significant early win for Nevada regulators, particularly the Nevada Gaming Control Board, which pushed for the ban. It\u2019s the first time a U.S. state has successfully secured a court-enforced restriction against Kalshi that is currently active.<\/p>\n\n\n\n<p>Nevada isn\u2019t alone in raising concerns. Utah lawmakers recently passed legislation targeting similar platforms, classifying certain event-based contracts\u2014like in-game propositions\u2014as gambling. The bill aims to block services such as Kalshi and Polymarket from operating within the state.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A Bigger Legal Battle Ahead<\/h3>\n\n\n\n<p>The case highlights a growing clash between state authorities and federal regulators over the future of prediction markets. While states argue these platforms fall under gambling laws, the CFTC is standing firm on its claim of jurisdiction.<\/p>\n\n\n\n<p>CFTC Chairman Michael Selig has publicly defended the agency\u2019s role, stating that it is prepared to fight in court if necessary. Speaking at a recent industry event, he described prediction markets as \u201ctruth machines,\u201d suggesting that they can provide more accurate insights into future outcomes than traditional opinion polls.<\/p>\n\n\n\n<p>As the legal process continues, the outcome in Nevada could set an important precedent\u2014one that shapes how prediction markets operate across the United States.<\/p>\n\n\n\n<p>Also read : <a href=\"https:\/\/www.decentralnetwork.org\/news\/bitget-3\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bitget Unveils VIP Fast Track for Active Traders<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Nevada court has dealt a fresh blow to prediction market platform Kalshi, keeping the company out of the state\u2019s &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Kalshi Blocked in Nevada as Judge Sides With Regulators\" class=\"read-more button\" href=\"https:\/\/www.decentralnetwork.org\/news\/kalshi-2\/#more-2927\" aria-label=\"Read more about Kalshi Blocked in Nevada as Judge Sides With Regulators\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2928,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9],"tags":[6791,6788,6787,6789,6792,6781,6784,6794,6786,6783,6782,6790,6793,6785,6795],"class_list":["post-2927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-are-prediction-markets-legal-in-the-us","tag-cftc-jurisdiction-over-event-contracts","tag-cftc-vs-state-regulators-prediction-markets","tag-federal-vs-state-gambling-laws-crypto-platforms","tag-future-of-prediction-markets-in-us-law","tag-kalshi-event-contracts-gambling-vs-derivatives","tag-kalshi-nevada-legal-case-update","tag-kalshi-sports-betting-controversy-explained","tag-kalshi-trading-platform-legal-issues","tag-kalshi-vs-nevada-gaming-control-board-case","tag-nevada-ban-on-prediction-markets-2026","tag-nevada-court-ruling-on-event-contracts","tag-polymarket-and-kalshi-legal-challenges","tag-prediction-markets-regulation-united-states","tag-utah-law-prediction-markets-gambling-rules","resize-featured-image"],"jetpack_featured_media_url":"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/04\/Untitled-design-2026-04-04T212422.673.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/2927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/comments?post=2927"}],"version-history":[{"count":1,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/2927\/revisions"}],"predecessor-version":[{"id":2929,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/2927\/revisions\/2929"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/media\/2928"}],"wp:attachment":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/media?parent=2927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/categories?post=2927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/tags?post=2927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- This website is optimized by Airlift. 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