According to the Nevada Gaming Control Board, Crypto.com will stop offering sports event contracts to Nevada residents starting November 3.The move comes after a federal...
Nevada judge orders Kalshi to stop operations in the state
A federal judge in Nevada has dissolved Kalshi’s preliminary injunction that blocked the state from enforcing a cease-and-desist order, as regulators stress that the company’s contracts constitute gambling and need a state license.
US District Judge Andrew Gordon removed the injunction, which had been in effect since April 2025, arguing that it was against Congress’s intent and couldn’t be sustained.
Kalshi disagreed and stated:
“As other courts have recognized, Kalshi is a regulated, nationwide exchange for real-world events, and it is subject to exclusive federal jurisdiction. It’s very different from what state-regulated sportsbooks and casinos offer their customers. We are evaluating the decision and anticipate making an appeal to the Ninth Circuit.”
Similar issues were addressed in other states regarding Kalshi. A New Jersey court granted the company an injunction, and a California judge rejected a motion from tribal parties, ruling that the event contracts don’t violate the Indian Gaming Regulatory Act.
The Nevada Gaming Control Board announced it will continue to pursue action against Kalshi and stop the operator’s unlawful conduct through the courts.
FanDuel and DraftKings had also expressed their plans to offer prediction markets; however, regulators warn that such action could risk their licenses if they don’t receive necessary approval.
The Nevada Gaming Control Board reported continued revenue growth for August 2025, despite a fall in overall visitation during the month.
The licensed operators brought in a...
