Kalshi wins injunction against Nevada in Federal Court

An American district court of Nevada granted Kalshi a preliminary injunction, temporarily interrupting the efforts of the state to prevent the market of prediction based on crypto.

The decision allows Kalshi to continue to offer contracts for sporting events in Nevada while his legal challenge against the state product.

Judge Andrew P. Gordon issued the decision on Tuesday, moving partly with Kalshi in his trial against the order to stop and Desist du Nevada, according to the Front-Office Sports statement.

The request of the Nevada Games Committee for a prohibition order to immediately close the Kalshi sports markets has been refused.

A more detailed written decision is expected later.

Kalshi, which operates as an exchange regulated by the Commodity Futures Trading Commission (CFTC), previously won a legal battle With the CFTC last year on the right to list political event contracts. It has since extended to the sports prediction markets, including the offers of Super Bowl and March Madness in partnership with Robinhood.

The company now Faced with legal challenges States that claim that Kalshi and partners like Robinhood and Crypto.com offer home -free game products. In response, Kalshi brought prosecution before the Federal Court against Nevada and New Jersey.

“Today, the Federal Court of Nevada has granted Kalshi’s preliminary injunction and prevented the state from trying to prevent Kalshi from offering prediction markets,” the company said in a statement.

The co-founder Tarek Mansour also thanked the court via X, citing the regulatory status of Kalshi.