The Nevada Gaming Control Board has filed a civil enforcement action in the District Court for Carson City against Kalshi, seeking a judicial declaration and injunction to halt what the Board alleges is unlicensed wagering activity in violation of Nevada law.
According to the complaint, filed Tuesday, 17 February, Kalshi operates a derivatives exchange and prediction market offering “event contracts” through its website and mobile application. These products are available to customers in Nevada. The Board asserts that offering sports‑related event contracts, or certain other event‑based derivatives, constitutes wagering activity under NRS 463.0193 and NRS 463.01962, and therefore requires a Nevada gaming license.
The Board alleges that Kalshi is conducting gaming operations without the required authorization, in violation of NRS 463.160, NRS 463.350, NRS 465.086, and NRS 465.092.
“The Board continues to vigorously fulfill its obligation to safeguard Nevada residents and gaming patrons, and uphold the integrity of a thriving gaming industry,” said Board Chairman Mike Dreitzer.
Nevada law declares the gaming industry to be vital to the state’s economy and the general welfare of its residents, and mandates that all gaming activity be licensed, controlled, and supervised to protect public health, safety, morals, good order, and the general welfare of the state.
