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States / Nevada

Legal status · as of Oct 15, 2026

Are prediction markets legal in Nevada?

In court

Nevada has won on most fronts. The Ninth Circuit ruled Aug 28, 2026 that Kalshi's sports contracts likely are not swaps, and state courts have enjoined Kalshi, Polymarket and Coinbase. Kalshi agreed to geofence sports, election and entertainment contracts by Aug 12, 2026.

State actions

Regulator orders, lawsuits, rulings and laws, newest first.

DateActionWhat happenedSources
Oct 8, 2026OtherNevada obtains extensions at the Supreme Court: its responses to Crypto.com's (No. 26-344) and Robinhood's (No. 26-338) cert petitions are now due Nov. 16 and Nov. 13, 2026. (Crypto.com, Robinhood)Supreme Court docket No. 26-344 primary · Supreme Court docket No. 26-338 primary
Aug 28, 2026OtherNinth Circuit rules for Nevada against Kalshi, Crypto.com and Robinhood. (Kalshi, Crypto.com, Robinhood)Nevada Current
Jul 23, 2026OtherAfter a contempt motion, Kalshi agrees to third-party geofencing by Aug 12 or a $120,000-per-day penalty. (Kalshi)NGCB release (July 24, 2026) primary
May 29, 2026OtherState court enjoins Polymarket from offering prohibited contracts. (Polymarket)NGCB timeline primary
Feb 17, 2026LawsuitNGCB files state-court enforcement action against Kalshi. (Kalshi)NGCB timeline primary · SBC Americas
Feb 2, 2026LawsuitNGCB sues Coinbase; enjoined March 26. (Coinbase)NGCB timeline primary
Jan 16, 2026LawsuitNGCB files state-court enforcement action against Polymarket; TRO follows Jan 29. (Polymarket)NGCB timeline primary
Nov 25, 2025OtherFederal court dissolves Kalshi's injunction and denies Robinhood's. (Kalshi, Robinhood)NGCB timeline primary
May 20, 2025Cease and desistCease-and-desist to Crypto.com (Robinhood warned May 8). (Crypto.com, Robinhood)NGCB timeline primary
Apr 9, 2025OtherFederal district court grants Kalshi a preliminary injunction. (Kalshi)NGCB timeline primary
Mar 4, 2025Cease and desistGaming Control Board cease-and-desist letter to Kalshi. (Kalshi)NGCB release primary

Cases involving Nevada

Select a case for its full history and sources, or see the legal tracker.

CaseStatusLast actionSources
Robinhood v. Nevada
Supreme Court of the United States (petition); U.S. Court of Appeals for the Ninth Circuit; U.S. District Court for the District of Nevada		Denial of interim relief affirmed; cert petition pendingOct 9, 2026
Clerk granted Nevada's request to extend its response deadline from Oct. 14 to Nov. 13, 2026.		Supreme Court docket No. 26-338 primary · Cert petition (PDF), No. 26-338 primary · D. Nev. order denying TRO (PDF, Justia) primary · D. Nev. docket (CourtListener) primary · Ninth Circuit docket No. 25-7831 (CourtListener) primary · News: InGame (Kalshi en banc / Robinhood cert) · Nevada's extension request letter, No. 26-338 (Oct. 8, 2026) primary
Crypto.com v. Nevada
Supreme Court of the United States (petition); U.S. Court of Appeals for the Ninth Circuit; U.S. District Court for the District of Nevada		PI denial affirmed; cert petition pendingOct 8, 2026
Clerk granted Nevada's request to extend its response deadline from Oct. 15 to Nov. 16, 2026.		Supreme Court docket No. 26-344 primary · Cert petition (PDF), No. 26-344 primary · CFTC amicus brief, 9th Cir. No. 25-7187 (PDF) primary · CFTC press release 9183-26 (Ninth Circuit amicus) primary · News: The Nevada Independent · News: Insider Sport (Crypto.com cert petition) · Nevada's extension request letter, No. 26-344 (Oct. 7, 2026) primary
Kalshi v. Nevada (federal)
U.S. Court of Appeals for the Ninth Circuit; U.S. District Court for the District of Nevada		Dissolution of Kalshi's injunction affirmed (3-0); en banc petition pendingSep 25, 2026
Nevada opposed Kalshi's request to hold the en banc petition pending CFTC rulemaking.		Ninth Circuit opinion (PDF) primary · Ninth Circuit opinion (Justia) primary · Nevada Gaming Control Board filing: opposition to Kalshi stay motion (PDF) primary · Cert petition (PDF), No. 26-299 primary · News: InGame (Kalshi en banc / Robinhood cert) · Tracker: Mick Bransfield prediction-market litigation tracker · CDC Gaming: Nevada opposes Kalshi's bid to delay rehearing · CasinoBeats (Oct. 5, 2026)
Nevada v. Kalshi (state court)
First Judicial District Court, Carson City, Nevada; Supreme Court of Nevada		Preliminary injunction in effect; appeal pendingJul 23, 2026
Contempt dispute resolved by stipulation (filed July 23, 2026) requiring third-party geofencing by Aug. 12, 2026 or $120,000-per-day penalties.		Nevada Gaming Control Board release (PDF) primary · Nevada Supreme Court order denying stay, No. 92771 primary · D. Nev. remand order (CaseMine) primary · Cert petition (PDF), No. 26-299 primary · News: The Nevada Independent · News: ReadWrite (Nevada Supreme Court stay denial) · News: SBC Americas (Nevada stipulation)
Nevada v. Polymarket
First Judicial District Court, Carson City, Nevada		Preliminary injunction in effectJun 3, 2026
Written preliminary injunction entered (as cited in New Jersey's cert petition).		Cert petition (PDF), No. 26-299 primary · News: SBC Americas (Nevada sues Polymarket) · News: SBC Americas (Polymarket TRO) · News: Hoodline (Polymarket PI) · News: KTNV (Polymarket PI) · Tracker: Mick Bransfield prediction-market litigation tracker
Nevada v. Coinbase
First Judicial District Court, Carson City, Nevada		Preliminary injunction in effectMar 26, 2026
Preliminary injunction entered (as cited in New Jersey's cert petition).		Cert petition (PDF), No. 26-299 primary · Tracker: Mick Bransfield prediction-market litigation tracker

Prediction markets in Nevada: questions

Are prediction markets legal in Nevada?

In court. Nevada has won on most fronts. The Ninth Circuit ruled Aug 28, 2026 that Kalshi's sports contracts likely are not swaps, and state courts have enjoined Kalshi, Polymarket and Coinbase. Kalshi agreed to geofence sports, election and entertainment contracts by Aug 12, 2026. 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 Nevada?

Oct 8, 2026: Nevada obtains extensions at the Supreme Court: its responses to Crypto.com's (No. 26-344) and Robinhood's (No. 26-338) cert petitions are now due Nov. 16 and Nov. 13, 2026.

Is there a lawsuit over prediction markets in Nevada?

Yes. Robinhood v. Nevada (Supreme Court of the United States (petition); U.S. Court of Appeals for the Ninth Circuit; U.S. District Court for the District of Nevada): Denial of interim relief affirmed; cert petition pending. Crypto.com v. Nevada (Supreme Court of the United States (petition); U.S. Court of Appeals for the Ninth Circuit; U.S. District Court for the District of Nevada): PI denial affirmed; cert petition pending. Kalshi v. Nevada (federal) (U.S. Court of Appeals for the Ninth Circuit; U.S. District Court for the District of Nevada): Dissolution of Kalshi's injunction affirmed (3-0); en banc petition pending.

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