Nevada federal judge lifts Kalshi injunction over sports-event contracts
A federal judge in Nevada ruled that Kalshi’s sports-event contracts must comply with state gaming regulations and lifted an injunction that had barred enforcement, reportedly finding the contracts were wagers tied to sporting outcomes. Kalshi filed an appeal the following day with the Ninth Circuit, seeking to overturn the ruling.
The ruling subjects Kalshi’s Nevada sports-event contracts to state gaming oversight while the appeal proceeds.