Nevada court extends injunction against prediction platform Kalshi

CoinFeed reported on April 4th that, according to CoinDesk, Judge Jason Woodbury of the First Judicial District Court of Nevada extended the temporary injunction against prediction market platform Kalshi and granted a preliminary injunction application filed by the Nevada Gaming Control Board, prohibiting Kalshi from offering sports, entertainment, and election-related prediction contracts in the state until a broader lawsuit is concluded. The judge stated that buying baseball game contracts on the Kalshi platform is "indistinguishable" from betting on a state betting platform, constituting unlicensed gambling activity.