Nevada has banned Kalshi's prediction markets for at least 14 days following a court ruling. A hearing is scheduled for April 3 to discuss a potential preliminary injunction.
Kalshi's sports, politics, and entertainment prediction markets will be prohibited in Nevada after a temporary restraining order was issued on Friday. The ban will remain in effect until April 3, when a hearing will determine whether a preliminary injunction will extend the ban further. The Nevada state judge indicated that the Nevada Gaming Control Board is likely to succeed in its case against Kalshi.