Kalshi, a prediction market operator, has agreed to stop accepting wagers from Nevada residents by August 12, 2026, or face a daily fine of $120,000, following repeated violations of state law and a court injunction.
The Nevada Gaming Control Board (NGCB) announced the agreement after investigators found Kalshi continued to offer contracts to bettors within Nevada despite a May 18 preliminary injunction issued by the First Judicial District Court. This injunction prohibited Kalshi from facilitating certain contracts in the state.
Kalshi’s failure to implement effective geofencing measures allowed users in Nevada to place bets on major events such as the FIFA World Cup, NBA Finals, and Stanley Cup Finals. The NGCB highlighted that Kalshi’s operations have taken in hundreds of millions of dollars in wagers without adhering to the same regulatory standards as licensed sportsbooks in Nevada.
Under the agreement, Kalshi must complete the implementation of a robust, multi-source geofencing system provided by a third-party commercial vendor by August 12. If the company fails to meet this deadline, it will incur a $120,000 daily penalty until full compliance is achieved. Kalshi has already started this process and will provide regular updates to the NGCB.
Board Chair Mike Dreitzer emphasized the importance of compliance, stating, “This agreement will ensure that Kalshi fully complies with Nevada law moving forward or it will face stiff penalties.” He added, “We will continue to vigorously enforce Nevada law to safeguard gaming in our state.“
For players and bettors in Nevada, this development means that Kalshi’s prediction market contracts will no longer be accessible unless the company fully complies with state regulations. This action aims to protect consumers by ensuring that all wagering platforms operating in Nevada meet legal standards, including geofencing to prevent unauthorized access.
Those at risk of gambling harm should note that regulatory enforcement helps maintain a safer betting environment by restricting unlicensed operators who may not provide adequate consumer protections or responsible gambling measures. For more on player protection and responsible gambling, see Player Protection and Responsible Gambling.
Kalshi has argued in federal court that it falls under the Commodity Futures Trading Commission’s (CFTC) jurisdiction and is not subject to state regulation, a position supported by the CFTC. However, Nevada regulators have taken a firm stance to enforce state laws and have successfully restricted other unlicensed prediction markets operating in the state.
The NGCB’s enforcement follows similar actions against other operators, reflecting the board’s commitment to maintaining a regulated and fair betting environment. This is part of broader regulatory efforts, including recent cooperation with international bodies such as the Gambling Regulatory Authority of Ireland, which signed a memorandum of understanding with the NGCB earlier this year to share best practices in regulation (CDC Gaming).
Players interested in legal sports betting options in Nevada can find licensed operators that comply with state regulations, offering geofenced access and responsible gambling tools. For more on Nevada’s regulatory environment and sports betting, visit GamblingNews.today USA and Betting.
For further details on this development, see the original report from CDC Gaming.
- Kalshi Must Halt Nevada Wagers by Aug. 12 or Face $120K - July 27, 2026
- UK Gambling Commission Directs Settlement Funds to - July 25, 2026
- Kenya’s New Gambling Control Act Brings Clarity for Players - July 17, 2026