A Nevada judge on Friday (3 April) extended restrictions on Kalshi, preventing the prediction markets company from offering event-based contracts to state residents without a gaming licence.
Reuters reported that Judge Jason Woodbury confirmed at a Carson City hearing that he would grant a preliminary injunction requested by the Nevada Gaming Control Board.
The order will block Kalshi from continuing to offer contracts tied to sports and other events unless it secures proper authorisation under Nevada law.
The decision follows a long-running battle and a temporary restraining order issued on 20 March, which had already halted access to contracts covering sports, elections and entertainment.
That initial restriction was set to expire, but Woodbury extended it through 17 April while final terms of the longer-term injunction are prepared.
Kalshi’s legal team argued that its contracts fall under federal oversight, describing them as financial instruments regulated exclusively by the Commodity Futures Trading Commission.
The company maintains that these event contracts function as swaps rather than traditional wagers.
Woodbury rejected that position during the hearing. He stated that placing money on a sporting outcome through Kalshi’s platform mirrors placing a bet through a state-licensed operator.
The ruling also requires Kalshi to implement full geofencing controls by 4 May. The company must ensure that no Nevada user can access any market that would violate state gaming laws. This requirement was included in the earlier court order.
Kalshi continues defending itself in multiple states
Kalshi is now pulled into a patchwork of legal fights across several states, with pressure stacking from more than one direction.
In Arizona, the Attorney General’s Office, led by Kris Mayes, filed charges in March 2026. Prosecutors laid out 20 misdemeanor counts tied to alleged unlicensed sports and election wagering. Kalshi didn’t wait around.
It answered with a federal lawsuit of its own, challenging the state’s move almost immediately.
Washington has taken a different route, but the message was similar. Attorney General Nick Brown moved forward with a civil filing, arguing the platform crossed lines set by gambling laws and consumer protection rules.
Massachusetts is stuck in the middle. Kalshi is trying to overturn a preliminary injunction that’s keeping its sports-related contracts offline. The appeal is in motion but for now, though, those markets are frozen.
Last month, Kalshi lost another round in Ohio. District Court Chief Judge Sarah D. Morrison denied its request for an injunction that would have prevented the Ohio Casino Control Commission from applying the state’s sports betting laws to the platform.
The company has also had a few wins. New Jersey state officials are appealing a federal injunction that prevented enforcement of a cease-and-desist order.
Kalshi also won a temporary reprieve in Tennessee, where a judge ruled that the company should be allowed to operate while a similar suit in that state is reviewed.