Back
Nevada Judge Extends Injunction Against Kalshi Sports Prediction Markets

Nevada Judge Extends Injunction Against Kalshi Sports Prediction Markets

A Nevada court granted a preliminary injunction and extended temporary restrictions, finding Kalshi’s sports event contracts indistinguishable from unlicensed sports betting while the legal dispute proceeds.

Fact Check
The claim is strongly supported by Reuters and CoinDesk. Reuters' article "Nevada judge extends ban on Kalshi operating prediction market in state | Reuters" states that Judge Jason Woodbury said he would issue a preliminary injunction against Kalshi and extended the ban on offering event-based contracts in Nevada without a gaming license. CoinDesk's "Judge continues Nevada ban on Kalshi sports markets" independently matches those points and specifically reports that the judge described buying a contract on a baseball game on Kalshi as "indistinguishable" from placing a bet on a state gaming platform. That directly supports the statement that the court found Kalshi's sports event contracts indistinguishable from unlicensed sports betting while the dispute proceeds. The crypto.news piece is secondary but consistent. The wording "extended temporary restrictions" is also supported: Reuters says the judge extended the existing ban, while CoinDesk says he extended the temporary restraining order by two weeks as the injunction language was sorted out.
    Reference: 12
Summary

A Nevada court granted a preliminary injunction against Kalshi and extended a temporary injunction blocking sports, entertainment, and election prediction contracts in the state. Judge Jason Woodbury said buying baseball game contracts on Kalshi was indistinguishable from unlicensed sports betting. The ruling keeps restrictions in place in Nevada while the broader case continues.

Terms & Concepts
  • Prediction markets: Platforms where users trade contracts tied to the outcomes of future events, including sports, elections, or entertainment results.
  • Preliminary injunction: A court order that temporarily blocks specified conduct or products while a lawsuit is being litigated.
  • Event contracts: Tradable contracts that pay out based on whether a particular event occurs.