Court ruling may lead Kalshi and Polymarket to suspend trading in Nevada

On March 3 (UTC+8), a federal judge remanded the cases of prediction markets Kalshi and Polymarket in Nevada back to the state court, ruling that the Commodity Exchange Act does not completely preempt state gambling law claims. Nevada gaming regulators may seek a temporary injunction, which could lead to these platforms suspending operations in the state. Legal analysts warn that if Kalshi is forced to implement geofencing restrictions in one state, it could impact its operations in other states.