The prediction market operator that has been in a legal dispute with Nevada gambling regulators for more than a year was barred by a Carson City judge on Friday from entering into contracts involving sports results with Nevada residents.
Carson City District Court Judge Jason Woodbury also gives Kalshi until May 4 to implement geofencing and/or geolocation measures to prevent any user in Nevada from engaging in any activity or transaction deemed illegal under Nevada gaming laws.
Woodbury issued his order from the bench after more than two hours of testimony in the First Judicial District Court.
Representatives for the Nevada Gaming Control Board and Kalshi had no comment on the hearing’s outcome late Friday.
This is a development story. Check back for updates.
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