While the popularity for prediction markets is ever-increasing, a state district judge granted Nevada gaming regulators’ request for a temporary restraining order against online prediction platform Kalshi.
The ruling, announced on March 20, 2026, has barred the company from offering event contracts tied to sports, politics, and entertainment to Nevada residents.
First Judicial District Court Judge Jason Woodbury issued the 14-day order, effective immediately, after the Nevada Gaming Control Board argued that Kalshi’s markets amount to unlicensed gambling under state law. The news was first shared by gaming lawyer Daniel Wallach on X.
This Nevada action comes amid mounting state-level pressure on Kalshi. On March 17, Arizona Attorney General Kris Mayes filed 20 misdemeanor criminal counts against the platform in Maricopa County Superior Court, the first criminal charges any state has brought against Kalshi, accusing it of operating an illegal gambling business by accepting wagers on elections, college sports, and player performances in violation of Arizona law.
Kalshi did not immediately comment on the order. The April hearing will determine whether a longer injunction takes effect while the underlying lawsuit proceeds.
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