Judge Jason Woodbury ruled that the event contracts offered by Kalshi constitute unlicensed gambling, effectively barring the platform from offering sports, entertainment, and election-related contracts to Nevada residents.
offers products referred to as event contracts for sale on its mobile app, which are made available to people in Nevada. The Board considers offering sports event contracts, or certain other event contracts, to constitute wagering activity under NRS 463.0193 and 463.01962 and, therefore, entities offering such event contracts must be licensed.
