Nevada Judge Crushes Kalshi’s Defense, Extends Ban on Event Contracts as Illegal Gambling
A Nevada judge has dealt a significant blow to prediction market platform Kalshi, extending a ban on its operations in the state and flatly rejecting the company’s argument that its products are regulated financial instruments, not gambling. Judge Jason Woodbury’s ruling on April 1, 2026, in Carson City supports the Nevada Gaming Control Board’s position […]
