Kalshi reported record trading volumes as a result of the Super Bowl, with nearly $900 million traded on the platform.Contracts connected directly to the Super Bowl...
NGCB files enforcement action against Kalshi
The Nevada Gaming Control Board (NGCB) has initiated enforcement action against Kalshi and requested the court to stop the prediction market from offering event contracts in the state on February 17, 2026.
After the Ninth Circuit US Court of Appeals denied Kalshi’s emergency motion for administrative stay, the NGCB filed for an injunction in the District Court of Carson City.
The NGCB stated:
“Kalshi is a financial services company that operates a derivatives exchange and prediction market, which offers products referred to as ‘event contracts’ for sale. These products are offered for sale on Kalshi’s website and mobile app and are made available to people in Nevada. The board considers offering sports event contracts, or certain other event contracts, to constitute wagering activity under NRS 463.0193 and 463.01962 and, therefore, entities offering such event contracts must be licensed.”
Chairman of the board Mike Dreitzer added:
“The board continues to vigorously fulfil its obligation to safeguard Nevada residents and gaming patrons and uphold the integrity of a thriving gaming industry.”
Previously, a Massachusetts judge allowed state regulators to ban Kalshi, while Nevada banned Coinbase and Polymarket from offering event contracts in the state.
The Nevada Gaming Control Board (NGCB) filed a civil enforcement action against Coinbase on February 2, 2026, to block the CFTC-approved prediction market from offering event...
