US judge blocks Nevada from enforcing gambling laws against Kalshi
A US District Court judge ruled that Nevada gaming authorities could not enforce state gambling laws against Kalshi, at least for now, citing the Commodity Exchange Act. Legal experts questioned the ruling’s treatment of federal law, including the Wire Act and CFTC Rule 40.11; Nevada’s lawyers have until April 23 to respond, ahead of a hearing on April 30.
The case could determine whether Nevada can regulate Kalshi’s sports-related event contracts under state gambling laws.