A Nevada federal judge denied Crypto.com’s request to block the Nevada Gaming Control Board’s order, requiring the company to stop offering sports markets to Nevada users from Monday. Judge Andrew P. Gordon ruled that the markets fall under state gambling law; Crypto.com plans to appeal to the Ninth Circuit.
The ruling requires Crypto.com to block Nevada users from its sports markets while its appeal proceeds.
| Date | Company | Amount | Story | Appeal status |
|---|---|---|---|---|
| Not named | USD 100,000 | Nevada Gaming Control Board fines Ricardo Castillo $100,000 and bars him for 15 years | Not stated | |
| Wynn Las Vegas | USD 5,500,000 | Wynn Las Vegas accepts $5.5m penalty over anti-money-laundering failures | Not stated | |
| Wynn Resorts | USD 5,500,000 | Nevada Gaming Control Board proposes $5.5m Wynn penalty | Not stated | |
| MGM Resorts | USD 8,500,000 | MGM Resorts agrees to $8.5m settlement over Nevada AML complaint | Not stated | |
| Robinhood, Kalshi | Not stated | New Jersey DGE orders Robinhood and Kalshi to stop NCAA event contracts | Not stated |
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A Nevada judge denied Kalshi’s request to pause an order dissolving the preliminary injunction that had allowed it to offer sports-related event contracts in the state. Kalshi is appealing the underlying decision to the Ninth Circuit, and a case assessment call is scheduled for 30 December.
Nevada’s Gaming Control Board issued Kalshi a cease-and-desist letter directing it to stop offering sports and election contracts in the state by 5pm on 14 March. The board said the contracts require state gaming approval and warned that violations could lead to criminal and civil penalties; Kalshi had not publicly responded.
A Nevada judge upheld restrictions preventing Kalshi from offering its products to state customers without a licence, according to reports. The ruling extended the suspension through 17 April and requires the company to implement geolocation measures blocking Nevada users by 4 May.
A Connecticut judge denied Kalshi's motion for a preliminary injunction. Judge Vernon D. Oliver ruled that sports-event contracts are not swaps under the Commodity Exchange Act and compared parlays with casino gaming.
US District Judge Analisa Torres denied Kalshi’s request to block New York from applying its gambling laws to the company’s sports event contracts. Torres ruled that the Commodity Exchange Act does not displace those laws; Kalshi has appealed to the Second Circuit.