{"id":70680,"date":"2026-04-05T11:19:18","date_gmt":"2026-04-05T11:19:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/nevada-court-rules-kalshi-event-contracts-align-with-gambling-laws-news-bytes-bitcoin-news\/"},"modified":"2026-04-05T11:19:18","modified_gmt":"2026-04-05T11:19:18","slug":"nevada-court-rules-kalshi-event-contracts-align-with-gambling-laws-news-bytes-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/nevada-court-rules-kalshi-event-contracts-align-with-gambling-laws-news-bytes-bitcoin-news\/","title":{"rendered":"Nevada Court Rules Kalshi Event Contracts Align With Gambling Laws \u2013 News Bytes Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<h3 data-path-to-node=\"2\">Key Takeaways<\/h3>\n<ul data-path-to-node=\"3\">\n<li>\n<p id=\"p-rc_b04d50b0317f650c-30\" data-path-to-node=\"3,0,0\"><span class=\"citation-58 citation-end-58\">Judge Jason Woodbury issued a preliminary injunction against Kalshi in Carson City on April 3, 2026.<\/span><\/p>\n<\/li>\n<li>\n<p id=\"p-rc_b04d50b0317f650c-31\" data-path-to-node=\"3,1,0\"><span class=\"citation-57 citation-end-57\">The Nevada Gaming Control Board successfully argued that event contracts require a state gaming license.<\/span><\/p>\n<\/li>\n<li>\n<p id=\"p-rc_b04d50b0317f650c-32\" data-path-to-node=\"3,2,0\"><span class=\"citation-56 citation-end-56\">Kalshi must implement mandatory geofencing by May 4, 2026, to block all Nevada-based participants.<\/span><\/p>\n<\/li>\n<\/ul>\n<h2 data-path-to-node=\"4\">Nevada Court Rejects Federal Swap Defense<\/h2>\n<p id=\"p-rc_b04d50b0317f650c-33\" data-path-to-node=\"5\"><span class=\"citation-55 citation-end-55\">Judge Jason Woodbury of the First Judicial District Court in Carson City ruled on Friday that the event contracts offered by Kalshi, a New York-based <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-prediction-markets\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">prediction market<\/a>, constitute unlicensed gambling.<\/span> <span class=\"citation-54 citation-end-54\">The decision extends a temporary restraining order (TRO) originally issued on March 20, 2026, effectively barring the platform from offering sports, entertainment, and election-related contracts to Nevada residents.<\/span><\/p>\n<p id=\"p-rc_b04d50b0317f650c-34\" data-path-to-node=\"6\"><span class=\"citation-53 citation-end-53\">The court rejected Kalshi\u2019s argument that its products are \u201cswaps\u201d falling under the exclusive jurisdiction of the Commodity Futures Trading Commission (CFTC).<\/span> <span class=\"citation-52 citation-end-52\">Judge Woodbury noted that purchasing a contract tied to a game outcome is functionally identical to placing a wager at a licensed sportsbook, stating that \u201cno matter how you slice it, that conduct is indistinguishable\u201d from gaming activity.<\/span><\/p>\n<p id=\"p-rc_b04d50b0317f650c-35\" data-path-to-node=\"7\"><span class=\"citation-51 citation-end-51\">Kalshi now has until May 4, 2026, to implement strict geofencing and geolocation controls to prevent Nevada users from accessing its markets.<\/span> The company has indicated plans to appeal the decision, as it continues to face similar legal pressure and criminal charges in other jurisdictions, including Arizona. \u201cWe are disappointed in the court\u2019s decision, but we will continue to work with regulators to find a path forward,\u201d said Tarek Mansour, Chief Executive Officer of Kalshi.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/nevada-court-rules-kalshi-event-contracts-align-with-gambling-laws\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Judge Jason Woodbury issued a preliminary injunction against Kalshi in Carson City on April 3, 2026. The Nevada Gaming Control Board successfully argued that event contracts require a state gaming license. Kalshi must implement mandatory geofencing by May 4, 2026, to block all Nevada-based participants. Nevada [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":70681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/70680"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=70680"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/70680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/70681"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=70680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=70680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=70680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}