Is Kalshi legal? › Nevada
Status as of September 25, 2026 · every line has its source and date · not legal advice
As of September 25, 2026, Kalshi is available with restrictions in Nevada, and its sports contracts are blocked, according to CBS Sports (September 24, 2026). 16 state actions involving Kalshi and 6 involving Polymarket are listed below with their sources. This is a dated summary of public sources, not legal advice.
| Service | Nevada |
|---|---|
| Kalshi (CFTC-regulated exchange) | Available with restrictions |
| Kalshi sports contracts | Blocked |
| Polymarket US (for comparison) | Not available |
| polymarket.com (international site) | No new trades for US users |
Kalshi is restricted in Nevada: a state-court preliminary injunction (2026-05-18) bars its sports, election and entertainment contracts, Kalshi agreed to finish geofencing by 2026-08-12, and the Ninth Circuit sided with Nevada on 2026-08-28. Polymarket US is not available for those categories under a separate state-court injunction.
| Date | Company | Event and source |
|---|---|---|
| 2026-09-09 | Kalshi | Kalshi asked the Ninth Circuit for panel rehearing and rehearing en banc. KalshiEX, LLC v. Assad, No. 25-7516 (9th Cir.) docket, entry 206 |
| 2026-08-28 | Kalshi | The Ninth Circuit voted 3-0 to uphold the dissolution of Kalshi's federal injunction as to sports-related contracts and sent the election-contract question back to the district court. KalshiEX, LLC v. Assad, No. 25-7516 (9th Cir.) opinion |
| 2026-08-14 | Kalshi | The Board asked the Carson City court for $120,000-a-day penalties, saying investigators still bought banned contracts after the Aug. 12 deadline, which Kalshi disputes. Control board: Kalshi should pay $120K per day for noncompliance with the court (news) |
| 2026-07-23 | Kalshi | To avoid a contempt finding, Kalshi agreed in a court filing to finish multi-source geofencing of the prohibited contracts by Aug. 12, 2026 or pay $120,000 a day, and admitted that investigators had entered covered contracts from inside Nevada. Nevada Gaming Control Board Shuts Down Kalshi's Sports Prediction Market Business in Nevada |
| 2026-07 | Kalshi | The Nevada Supreme Court denied Kalshi's emergency motion to pause the injunction while it appeals. RotoWire prediction markets legal timeline (news) |
| 2026-06-12 | Kalshi | The Board asked the court to hold Kalshi in contempt for not geofencing the covered contracts as the May 18 order requires. Nevada Gaming Control Board Asks Court to Hold Kalshi in Contempt |
| 2026-05-21 | Kalshi | The Ninth Circuit refused to pause the remand while Kalshi appeals it (No. 26-1304), so the enforcement case stayed in state court. State of Nevada v. KalshiEX, LLC, No. 26-1304 (9th Cir.) docket |
| 2026-05-21 | Polymarket | The Ninth Circuit denied Polymarket's motion for a stay while it appeals the remand (No. 26-1343), and the appeal is still being briefed. State of Nevada v. Blockratize, Inc., No. 26-1343 (9th Cir.) docket |
| 2026-05-18 | Kalshi | The First Judicial District Court entered a preliminary injunction that bars Kalshi from offering or facilitating sports-, election- or entertainment-related contracts in Nevada. Nevada Gaming Control Board Shuts Down Kalshi's Sports Prediction Market Business in Nevada |
| 2026-05 | Polymarket | A First Judicial District Court judge granted the Board's preliminary injunction, announced in late May with a written order to follow, barring Polymarket from offering sports, election or entertainment contracts in Nevada. Nevada judge grants preliminary injunction against Polymarket prediction market (news) |
| 2026-04-03 | Kalshi | Carson City District Judge Jason Woodbury extended the ban on Kalshi's sports contracts by 14 days and said he would grant the Board's preliminary injunction once its wording was final. Kalshi loses appeal, Nevada judge keeps the company on the sidelines (news) |
| 2026-03-20 | Kalshi | A Nevada state court issued a temporary restraining order that barred Kalshi's sports, election and entertainment event contracts in Nevada. RotoWire prediction markets legal timeline (news) |
| 2026-03-02 | Kalshi | Kalshi had moved the state case to federal court on the day it was filed, and U.S. District Judge Miranda Du sent it back to state court, finalizing the remand on March 12 after she denied a stay. State of Nevada v. KalshiEX, LLC, 2:26-cv-00406 (D. Nev.) docket, ECF Nos. 45 and 63 |
| 2026-03-02 | Polymarket | Judge Miranda Du sent the case back to state court and on March 12 denied Polymarket's request for a stay, with the remand taking effect April 6. State of Nevada ex rel Nevada Gaming Control Board v. Blockratize, 3:26-cv-00089 (D. Nev.) docket, ECF Nos. 41 and 53 |
| 2026-02-17 | Kalshi | The Board filed a civil enforcement action against Kalshi in Carson City district court, asking for a declaration and an injunction against unlicensed wagering. Nevada Gaming Control Board Files Civil Enforcement Action Against Kalshi |
| 2026-02-05 | Polymarket | Polymarket moved the case to federal court, where the parties twice agreed to extend the state-court restraining order while the remand motion was pending. State of Nevada ex rel Nevada Gaming Control Board v. Blockratize, 3:26-cv-00089 (D. Nev.) docket |
| 2026-01-29 | Polymarket | The state court issued a 14-day temporary restraining order against Polymarket and set a preliminary-injunction hearing for Feb. 11, 2026. Order granting remand, ECF No. 41, Nevada ex rel. NGCB v. Blockratize, 3:26-cv-00089 (D. Nev.) |
| 2026-01-16 | Polymarket | The Board sued Blockratize (Polymarket), QCX LLC (Polymarket US) and Adventure One QSS in Carson City district court to stop unlicensed wagering. Nevada Gaming Control Board Files Civil Enforcement Action Against Polymarket |
| 2025-11-24 | Kalshi | Judge Gordon dissolved the preliminary injunction, and Kalshi appealed to the Ninth Circuit the next day (No. 25-7516). Kalshiex, LLC v. Hendrick, 2:25-cv-00575 (D. Nev.) docket, ECF Nos. 237 and 241 |
| 2025-04-09 | Kalshi | Chief U.S. District Judge Andrew P. Gordon granted Kalshi a preliminary injunction that barred Nevada regulators from enforcing state gaming law against it (effective from his oral ruling on April 8, 2025). Kalshiex, LLC v. Hendrick, 2:25-cv-00575 (D. Nev.) docket, ECF No. 45 |
| 2025-03-28 | Kalshi | Kalshi sued Nevada gaming regulators in federal court in Nevada (KalshiEX v. Hendrick, No. 2:25-cv-00575). Kalshiex, LLC v. Hendrick, 2:25-cv-00575 (D. Nev.) docket |
| 2025-03-04 | Kalshi | The Nevada Gaming Control Board ordered KalshiEX to stop offering sports and election event contracts in Nevada by March 14, 2025. Nevada Gaming Control Board Issues Cease and Desist Order to Company Engaged in Unlawful Gaming |
State regulator: Nevada Gaming Control Board. Issued the 2025 cease-and-desist to Kalshi and brought the Carson City enforcement cases against Kalshi and Polymarket.
Kalshi has been a CFTC-designated contract market since November 4, 2020 (CFTC release 8302-20). Whether states may still apply their gambling laws to sports event contracts is being decided in the courts, and the federal appeals courts do not agree yet:
How sure is this page? Confidence: medium. Court dockets, Board releases and a Sept. 24 CBS report confirm the sports, election and entertainment ban and the key events, but whether Kalshi's other markets remain open and whether the geofence works (penalty request unresolved) are still open questions. Researched September 25, 2026; court cases can change the status at any time, so check Kalshi's app before you trade.
Related: every state · is Polymarket legal in Nevada? (Polymarket View) · Kalshi fee calculator · Kalshi taxes · Kalshi FAQ
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As of September 25, 2026, Kalshi is available with restrictions in Nevada, and its sports contracts are blocked, according to CBS Sports (September 24, 2026). 16 state actions involving Kalshi and 6 involving Polymarket are listed below with their sources. This is a dated summary of public sources, not legal advice.
Kalshi's sports contracts are blocked in Nevada according to the sources on this page as of September 25, 2026. State lawsuits and court orders can change that quickly, so check the dated timeline and Kalshi's app.
Yes, federally: the CFTC designated KalshiEX LLC as a contract market on November 4, 2020. States disagree on whether their gambling laws also reach sports event contracts, and federal courts are split, so availability differs by state.