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Ninth Circuit Rejects Kalshi Challenge to Nevada Rules

8/29/2026

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Summary

Story summary

Ninth Circuit Court of Appeals rejected Kalshi's claim that Nevada cannot regulate its sports-event contracts.
The panel said federal commodities law likely does not preempt Nevada's gambling regulations on prediction markets.
Nevada Attorney General Aaron Ford called the ruling a major victory for the state's gaming authority.
Kalshi said it will seek further review while its sports, entertainment and election contracts remain blocked in Nevada.

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Story summary

Ninth Circuit Court of Appeals rejected Kalshi's claim that Nevada cannot regulate its sports-event contracts.
The panel said federal commodities law likely does not preempt Nevada's gambling regulations on prediction markets.
Nevada Attorney General Aaron Ford called the ruling a major victory for the state's gaming authority.
Kalshi said it will seek further review while its sports, entertainment and election contracts remain blocked in Nevada.