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Judge orders end to Kalshi sports outcome contracts in Nevada

Richard N. Velotta, Las Vegas Review-Journal on

Published in Business News

The prediction market operator that has been in a legal dispute with Nevada gaming regulators for more than a year on Friday was banned by a Carson City judge from writing contracts involving sports results with Nevada residents.

Carson City District Court Judge Jason Woodbury also is giving Kalshi until May 4 to implement geofencing and or geolocation measures to prevent any user in Nevada from engaging in any activity or transaction deemed illegal under Nevada gaming laws.

Woodbury issued his order from the bench following more than two hours of testimony in the First Judicial District Court.

 

Representatives of the Nevada Gaming Control Board and Kalshi had no comment on the hearing’s outcome late Friday.

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