Ninth Circuit Rules Against Kalshi on Sports Contracts | Las Vegas News

The Ninth Circuit just handed Nevada a major legal win, ruling that prediction market platform Kalshi can’t offer sports-related contracts in the state — a blow to Kalshi’s argument that federal law lets them operate outside state rules. The court sided with regulators, citing both Nevada law and CFTC regulations that ban gaming-linked contracts on prediction markets. This decision reinforces states’ authority over sports betting — a power affirmed by the Supreme Court in 2018 — and signals regulators are tightening the line between prediction markets and illegal gambling. Industry leaders hail it as a victory for consumer protection, while Kalshi’s election contracts now face renewed scrutiny. The case is being sent back to the district court for further review, but for now, Nevada’s gaming regulators have drawn a firm boundary. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a3e876346956bfd1