The Nevada court extended the temporary ban on Kalshi's activities in the state. The regulator requires the company to obtain a gaming license. The court found the platform's contracts to be analogous to betting. The Nevada court has extended the ban on the prediction market operator Kalshi from offering contracts tied to events, according to Reuters. This concerns products that allow users to place bets on sports, political, and entertainment events without obtaining a gaming license. The decision was made by Judge Jason Woodbury following a hearing in Carson City. He granted the Nevada Gaming Control Board's request for a preliminary injunction, stating that such contracts are essentially no different from traditional bets.

"No matter how you cut it, such activity is not different. Therefore, I believe that based on the arguments presented, this constitutes gaming activity prohibited for any unlicensed participant," the judge said. The temporary ban, introduced on March 20, has been extended until April 17 to prepare for a long-term court ruling.

Kalshi representatives stated that their products are not bets. They believe the contracts should be classified as "swaps," which fall under the jurisdiction of the U.S. Commodity Futures Trading Commission. The regulator has previously supported a similar position in other legal cases. Reuters emphasized that Nevada is currently the only U.S. state to have obtained a court order banning Kalshi's activities. The situation has become part of a broader legal dispute over whether states have the authority to regulate prediction markets or if this area falls under federal jurisdiction.

Recall that in March 2025, Kalshi filed a lawsuit against the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement. This followed their demand to cease trading contracts on sports events in these states.