Kalshi ordered to stop offering sports in Nevada for at least 14 days
A Nevada state court judge has blocked Kalshi from offering sports event contracts in the state for at least two weeks.
According to court documents filed in the First Judicial District Court of the State of Nevada for Carson City, Judge Jason Woodbury granted the Nevada Gaming Control Board’s (NGCB) request for a temporary restraining order (TRO) against Kalshi to block the company from offering certain event contracts.
The TRO granted against Kalshi will require the prediction market to no longer offer “sports, election and entertainment-related contracts” in Nevada for 14 days, and it is banned from accepting trading on those events from any person under the age of 21.
‘Balance of hardships’ and public interest justified TRO
Woodbury granted the NGCB’s request after the regulator filed a lawsuit in state court in February, asking the judge to prevent Kalshi from offering event contracts in the state. The NGCB accused Kalshi of facilitating unlawful “gambling” activity under state law.
“The balance of hardships and public interest in maintaining meaningful control over Nevada’s gaming industry for the purpose of ensuring its integrity strongly supports issuance of the temporary restraining order,” wrote Woodbury in the ruling.
The NGCB filed an ex parte application for an immediate TRO against Kalshi, which did not require Kalshi’s arguments to be heard. In addition, Nevada’s gaming regulator requested a permanent injunction against Kalshi to ban the prediction market’s event contracts for an extended period. A hearing on the permanent injunction will be held on April 3, at which point the TRO will expire.
If Nevada were granted that request, it would be the first state to explicitly ban Kalshi’s offerings.
Kalshi faces an uphill battle to reverse the TRO granted by Woodbury. Nevada law prevents an entity or person from appealing a TRO, but Kalshi has the opportunity to file a motion to try to take the issue to the Supreme Court.
>Kalshi and Nevada’s history of battle
The state court’s TRO is the latest development in Kalshi’ in Nevada’s legal battle with the NGCB.
Last year, the regulator sent Kalshi a cease-and-desist order for offering sports event contracts in the state, to which Kalshi responded by suing the NGCB in federal court. The company was initially granted an injunction to keep its products online in Nevada during court proceedings, but a federal court judge later dissolved that injunction.
“These are sports wagers, and everyone who sees them knows it. That includes Kalshi, who has advertised itself as the ‘first app for legal sports betting in all 50 states,’” said federal judge Andrew Gordon at that time.
Kalshi filed an emergency motion for a stay in Nevada pending an appeal, continuing its argument that it is allowed to offer sports event contracts under the federal regulation of the Commodity Futures Trading Commission (CFTC) and under the terms of the Commodity Exchange Act. However, Kalshi’s emergency motion was denied.
Nevada AG pushed back against Kalshi
In February, Nevada Attorney General Aaron Ford sent a letter to the U.S. Court of Appeals for the Ninth Circuit providing notice of his intention to file a civil enforcement action against Kalshi. In the letter, Ford cited Kalshi’s continual operations in Nevada and the prediction market’s expansion of its business by bolstering its event contract options.
Ford’s office sought civil enforcement action against Kalshi as it claims the company’s offerings cause “substantial irreparable harms to [state defendants], the State of Nevada, the gaming industry in this state and the public interest.”
The office makes the claim that Kalshi’s sports event contracts resemble sports wagering without the consumer protection standards required by licensed sportsbooks in Nevada.
NGCB hails win
In a statement issued on Friday after the state court granted its TRO, the NGCB celebrated the decision as a win and declared that it has successfully handcuffed prediction markets in the state.
“The Board has taken decisive action in recent months to halt the operations of other prediction markets in the state,” read the notice. “With the decision today, the Board has successfully restricted the operation of all unlicensed prediction markets that had been known to be operating in Nevada.”
Crypto.com and Robinhood both stopped offering event contracts in Nevads last year under intense pressure from state authorities.
https://sbcamericas.com/2026/03/20/kalshi-tro-nevada-sportscontracts/