# Nevada Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Nevada", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

U.S. Court Clears Path for Nevada to Take Action Against Kalshi Prediction Market

A U.S. appeals court has allowed Nevada to proceed with legal action against prediction market platform Kalshi, denying the company’s request to block a potential temporary restraining order. This could force Kalshi to suspend operations in Nevada for about two weeks until a follow-up hearing. The dispute began in March 2025 when the Nevada Gaming Control Board issued a cease-and-desist order, arguing that Kalshi’s sports-related prediction contracts violate state gambling laws. Kalshi contends that its products are federally regulated by the CFTC, which supports its position. The ruling is a setback for Kalshi and may lead to an imminent temporary ban in the state.

TheNewsCrypto03/20 09:13

U.S. Court Clears Path for Nevada to Take Action Against Kalshi Prediction Market

TheNewsCrypto03/20 09:13

Federal Ruling Raises Risk for Polymarket, Kalshi in Nevada

A US federal court ruling has increased the risk that Nevada regulators may halt prediction-market trading in the state. The court rejected arguments that federal commodity regulations preempt state gaming laws, allowing the Gaming Control Board to pursue its case against Polymarket’s parent company, Blockratize, in state court. This could lead to an injunction preventing Nevada residents from accessing event contracts offered by Polymarket or Kalshi. The decision comes amid growing regulatory pressure on prediction markets, with Kalshi also facing a similar state-level enforcement action. Legal experts suggest the ruling may encourage other states to seek injunctions against event contracts.

TheNewsCrypto03/03 12:47

Federal Ruling Raises Risk for Polymarket, Kalshi in Nevada

TheNewsCrypto03/03 12:47

Trump Administration Backs Kalshi and Polymarket as Nevada Moves to Enforce Ban

A legal battle over prediction markets is intensifying in the U.S. as federal regulators, backed by the Trump administration, support operators Kalshi and Polymarket, while Nevada moves to enforce a ban. The dispute centers on whether prediction markets are financial products under federal oversight or a form of gambling subject to state regulation. Nevada’s Gaming Control Board filed a lawsuit to block Kalshi from offering sports-related event contracts, arguing they constitute unlicensed gambling. Kalshi contends its contracts are financial derivatives regulated by the CFTC, which has filed a brief supporting federal jurisdiction. The outcome could define the regulatory boundary between financial markets and gambling nationwide.

bitcoinist02/19 09:04

Trump Administration Backs Kalshi and Polymarket as Nevada Moves to Enforce Ban

bitcoinist02/19 09:04

Nevada Sues Kalshi in New Prediction Market Clash

Nevada has filed a civil lawsuit against prediction market platform Kalshi, alleging its sports-related event contracts constitute unlicensed gambling under state law. The Nevada Gaming Control Board seeks an injunction to block Kalshi from offering these contracts to state residents without a gaming license, arguing they threaten Nevada’s regulated gaming system. Kalshi, which is regulated by the CFTC, contends its contracts are financial derivatives under federal jurisdiction and has moved the case to federal court. This clash highlights a broader national conflict between state gambling regulations and federal oversight of prediction markets. The outcome could either establish a unified national framework for such markets or reinforce a state-by-state regulatory approach.

TheNewsCrypto02/18 11:33

Nevada Sues Kalshi in New Prediction Market Clash

TheNewsCrypto02/18 11:33

Coinbase Stock Slides 4.3% as Nevada Gaming Regulator Targets Unlicensed Sports Betting Contracts

Coinbase shares declined 4.3% as Nevada gaming regulators filed a civil complaint against the company, alleging its prediction market products constitute unlicensed sports betting. The state seeks to halt these markets, arguing they fall under Nevada's gambling laws rather than federal derivatives regulation. Coinbase, which partners with CFTC-regulated Kalshi, maintains the products are legal derivatives. The action adds to regulatory pressures on Coinbase, which has seen an 11-session stock decline amid legal uncertainties and a recent data breach. The company is challenging similar state-level actions in other jurisdictions, claiming exclusive CFTC oversight.

bitcoinist02/05 09:10

Coinbase Stock Slides 4.3% as Nevada Gaming Regulator Targets Unlicensed Sports Betting Contracts

bitcoinist02/05 09:10

Coinbase Hit With Nevada Lawsuit Over Illegal Betting Claims

Coinbase faces a civil lawsuit from the Nevada Gaming Control Board for offering event contracts that regulators claim constitute unlicensed sports betting. The state seeks a temporary restraining order and injunction to halt these operations, arguing they violate Nevada gaming laws. Coinbase contends that such contracts fall under federal CFTC jurisdiction, not state oversight, and has sued multiple states in response. The legal conflict highlights ongoing tension between state and federal regulators regarding prediction markets, as the CFTC considers new rules clarification. Similar enforcement actions are occurring in other states.

bitcoinist02/05 01:02

Coinbase Hit With Nevada Lawsuit Over Illegal Betting Claims

bitcoinist02/05 01:02

Nevada Regulators Move to Halt Coinbase Prediction Markets

Nevada gaming regulators have filed a civil complaint against Coinbase Financial Markets to halt its prediction market offerings, alleging they constitute unlicensed gambling activities. The state argues that event-based contracts related to sports and elections fall under Nevada's gaming laws, not federal derivatives oversight. Regulators also cite concerns over allowing users as young as 18 to trade, below the state's legal gambling age of 21. The action is part of a broader clash between Coinbase and multiple states, as the exchange maintains that prediction markets are solely under CFTC authority. Nevada officials assert their enforcement is necessary to protect consumers and uphold industry integrity.

TheNewsCrypto02/04 11:02

Nevada Regulators Move to Halt Coinbase Prediction Markets

TheNewsCrypto02/04 11:02

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