Source link : https://las-vegas-news.com/kalshi-presses-for-court-stay-as-nevada-gaming-fight-heads-to-april-appeal/
Federal Ruling Shifts Battleground to State Court (Image Credits: Pixabay)
Nevada — Prediction market operator KalshiEx LLC filed an emergency motion in federal court Tuesday to pause a judge’s order sending its licensing dispute with state gaming regulators back to state court ahead of a key Ninth Circuit appeal.[1]
Federal Ruling Shifts Battleground to State Court
U.S. District Judge Miranda M. Du recently ruled that Nevada’s claims against Kalshi arise under state gaming laws, rejecting the company’s push to keep the case in federal jurisdiction.[2][3] She determined that allegations of unlicensed sports wagering did not trigger federal preemption under the Commodity Exchange Act. The decision cleared the path for regulators to seek injunctions in Carson City’s First Judicial District Court.
Kalshi quickly appealed the remand and requested an administrative stay from the Ninth Circuit. Attorneys for the New York-based firm argued that Chief Judge Andrew Gordon had already examined the federal preemption issues for nearly a year in related proceedings. Oral arguments now stand scheduled for April 16.[1]
Core Clash: Prediction Markets Versus State Licensing
Nevada Gaming Control Board regulators view Kalshi’s event contracts on sports outcomes as unlicensed sports betting, violating state statutes that require gaming licenses for such activity.[1] They highlighted concerns over inadequate safeguards against underage gambling and problem gambling programs in…
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Author : Matthias Binder
Publish date : 2026-03-05 21:04:00
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