A Las Vegas man who has traded in prediction markets for years will be paying close attention to a Carson City court hearing Friday to see if he’ll have to devise a workaround if Kalshi is banned from operating in the state.
The Nevada Gaming Control Board is seeking an injunction against Kalshi which the state says is offering sports betting illegally through its prediction market platform. Carson City District Court Judge Jason Woodbury on March 20 issued a temporary restraining order against New York-based Kalshi and set the injunction hearing for Friday.
Meanwhile, a gaming industry analyst believes it may be 2027 before the U.S. Supreme Court reviews any appeal Kalshi may make should it lose its case in Carson City Friday.
