States / Montana
Legal status · as of Oct 15, 2026
Are prediction markets legal in Montana?
Regulator warning
Montana's Gambling Control Division deemed Kalshi's sports contracts illegal gambling in 2025 and renewed the demand in April 2026, and Kalshi sued in federal court. Local press later reported both sides dropped their suits; the terms were not confirmed.
State actions
Regulator orders, lawsuits, rulings and laws, newest first.
| Date | Action | What happened | Sources |
|---|---|---|---|
| Apr 15, 2026 | Lawsuit | Kalshi sues Montana officials after a second cease-and-desist. (Kalshi) | Yogonet |
| Mar 26, 2025 | Cease and desist | Gambling Control Division cease-and-desist order to Kalshi; a similar notice to Robinhood was planned. (Kalshi) | SportsBettingDime |
Cases involving Montana
Select a case for its full history and sources, or see the legal tracker.
| Case | Status | Last action | Sources |
|---|---|---|---|
| Kalshi v. Montana U.S. District Court for the District of Montana | Dismissed by joint stipulation | Sep 21, 2026 Order dismissing case on joint stipulation (Doc. 36). | Cert petition (PDF), No. 26-299 primary · Tracker: DeFi Rate prediction-market legal tracker · News: Straight to the Point (list of Kalshi suits) |
Prediction markets in Montana: questions
Are prediction markets legal in Montana?
Regulator warning. Montana's Gambling Control Division deemed Kalshi's sports contracts illegal gambling in 2025 and renewed the demand in April 2026, and Kalshi sued in federal court. Local press later reported both sides dropped their suits; the terms were not confirmed. Exchanges registered with the CFTC, including Kalshi, say federal law lets them offer event contracts in every state; that question is being fought in court. This summarizes public actions and is not legal advice.
What is the latest prediction market action in Montana?
Apr 15, 2026: Kalshi sues Montana officials after a second cease-and-desist.
Is there a lawsuit over prediction markets in Montana?
Yes. Kalshi v. Montana (U.S. District Court for the District of Montana): Dismissed by joint stipulation.
This page reports court, regulator and legislative actions with links to the filings and coverage. It is not legal advice. The tracker is re-checked every Monday and Thursday. All states · Legal tracker