The post Kalshi faces 14-day shutdown in Nevada over gambling laws appeared on BitcoinEthereumNews.com. Kalshi, a prediction market company, has faced a temporaryThe post Kalshi faces 14-day shutdown in Nevada over gambling laws appeared on BitcoinEthereumNews.com. Kalshi, a prediction market company, has faced a temporary

Kalshi faces 14-day shutdown in Nevada over gambling laws

2026/03/22 18:31
2 min di lettura
Per feedback o dubbi su questo contenuto, contattateci all'indirizzo crypto.news@mexc.com.

Kalshi, a prediction market company, has faced a temporary setback in Nevada. A state judge issued a temporary restraining order, blocking the company from operating for 14 days. The decision follows concerns that Kalshi’s event contracts might violate Nevada’s gambling laws.

Summary

  • Kalshi faces a 14-day ban in Nevada after violating the state’s gambling regulations.
  • Nevada regulators claim Kalshi’s event contracts are unlicensed gambling under state law.
  • Kalshi fights back in multiple states, including Arizona and Massachusetts, over illegal gambling accusations.

On Friday, Carson City District Court Judge Jason Woodbury granted a temporary restraining order, siding with the Nevada Gaming Control Board’s motion to block Kalshi. This comes after the company offered event contracts related to sports, elections, and entertainment, which Nevada regulators view as a form of unlicensed gambling. 

The court ruling states that Kalshi is prohibited from offering such contracts in Nevada, as these are considered “sports pools” under state law. Kalshi, however, has not responded to the ruling.

Nevada Gaming Control Board Chair Mike Dreitzer emphasized the state’s responsibility to protect the public, asserting that prediction markets like Kalshi could facilitate illegal gambling. 

Kalshi had argued that its contracts fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC), not Nevada’s gaming regulations. The company has fought similar accusations in other states, asserting that its activities are federally regulated. 

However, Judge Woodbury rejected Kalshi’s defense, stating that the legal authority currently favors Nevada’s stance. The court’s decision sets a precedent for ongoing legal battles regarding prediction markets and their regulation across state lines.

Moreover, Kalshi is currently engaged in multiple legal disputes with state regulators. This includes a case in Massachusetts, where a state judge banned the company from offering sports event contracts, though this ban was later lifted on appeal. 

Additionally, Arizona has filed criminal charges against Kalshi, accusing the company of running an illegal gambling operation. Kalshi CEO Tarek Mansour has labeled these charges as “total overstep.”

Source: https://crypto.news/kalshi-faces-14-day-shutdown-in-nevada-over-gambling-laws/

Opportunità di mercato
Logo Orderly Network
Valore Orderly Network (ORDER)
$0.0607
$0.0607$0.0607
-1.14%
USD
Grafico dei prezzi in tempo reale di Orderly Network (ORDER)
Disclaimer: gli articoli ripubblicati su questo sito provengono da piattaforme pubbliche e sono forniti esclusivamente a scopo informativo. Non riflettono necessariamente le opinioni di MEXC. Tutti i diritti rimangono agli autori originali. Se ritieni che un contenuto violi i diritti di terze parti, contatta crypto.news@mexc.com per la rimozione. MEXC non fornisce alcuna garanzia in merito all'accuratezza, completezza o tempestività del contenuto e non è responsabile per eventuali azioni intraprese sulla base delle informazioni fornite. Il contenuto non costituisce consulenza finanziaria, legale o professionale di altro tipo, né deve essere considerato una raccomandazione o un'approvazione da parte di MEXC.

Potrebbe anche piacerti

BetFury is at SBC Summit Lisbon 2025: Affiliate Growth in Focus

BetFury is at SBC Summit Lisbon 2025: Affiliate Growth in Focus

The post BetFury is at SBC Summit Lisbon 2025: Affiliate Growth in Focus appeared on BitcoinEthereumNews.com. Press Releases are sponsored content and not a part of Finbold’s editorial content. For a full disclaimer, please . Crypto assets/products can be highly risky. Never invest unless you’re prepared to lose all the money you invest. Curacao, Curacao, September 17th, 2025, Chainwire BetFury steps onto the stage of SBC Summit Lisbon 2025 — one of the key gatherings in the iGaming calendar. From 16 to 18 September, the platform showcases its brand strength, deepens affiliate connections, and outlines its plans for global expansion. BetFury continues to play a role in the evolving crypto and iGaming partnership landscape. BetFury’s Participation at SBC Summit The SBC Summit gathers over 25,000 delegates, including 6,000+ affiliates — the largest concentration of affiliate professionals in iGaming. For BetFury, this isn’t just visibility, it’s a strategic chance to present its Affiliate Program to the right audience. Face-to-face meetings, dedicated networking zones, and affiliate-focused sessions make Lisbon the ideal ground to build new partnerships and strengthen existing ones. BetFury Meets Affiliate Leaders at its Massive Stand BetFury arrives at the summit with a massive stand placed right in the center of the Affiliate zone. Designed as a true meeting hub, the stand combines large LED screens, a sleek interior, and the best coffee at the event — but its core mission goes far beyond style. Here, BetFury’s team welcomes partners and affiliates to discuss tailored collaborations, explore growth opportunities across multiple GEOs, and expand its global Affiliate Program. To make the experience even more engaging, the stand also hosts: Affiliate Lottery — a branded drum filled with exclusive offers and personalized deals for affiliates. Merch Kits — premium giveaways to boost brand recognition and leave visitors with a lasting conference memory. Besides, at SBC Summit Lisbon, attendees have a chance to meet the BetFury team along…
Condividi
BitcoinEthereumNews2025/09/18 01:20
XRP Eyes $27 Target in 750% Rally Prediction as Accumulation Pattern Emerges Above $3

XRP Eyes $27 Target in 750% Rally Prediction as Accumulation Pattern Emerges Above $3

XRP remains strong above $3, drawing renewed investor optimism and commanding attention in the crypto market.
Condividi
Coinstats2025/09/18 03:29
Why are Bitcoin, Ethereum and XRP Prices Crashing Today: Iran, Trump and the Strait of Hormuz Explained

Why are Bitcoin, Ethereum and XRP Prices Crashing Today: Iran, Trump and the Strait of Hormuz Explained

The post Why are Bitcoin, Ethereum and XRP Prices Crashing Today: Iran, Trump and the Strait of Hormuz Explained appeared first on Coinpedia Fintech News Bitcoin
Condividi
CoinPedia2026/03/22 23:58