Nevada court orders Kalshi to halt state operations for at least 14 days
A Nevada court issued a temporary restraining order requiring Kalshi to suspend its operations in the state for at least two weeks while litigation proceeds. The First Judicial District Court in Carson City said state regulators were likely to succeed in arguing that the platform's event contracts fall within Nevada's definition of betting; a follow-up hearing is planned for early April.
The order temporarily prevents Kalshi from offering its event contracts in Nevada while the court considers the state's licensing claim.