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    HomeRegulationNevada Settlement
    Guide

    What the Kalshi-Nevada Settlement Means for Users

    Nevada: Kalshi geofencing deadline — August 12, 2026

    Kalshi and the Nevada Gaming Control Board reached a joint agreement on July 24, 2026. Kalshi must deploy a GeoComply-powered multi-source geofencing by August 12, 2026 or face $120,000/day in fines. The underlying legal dispute over federal preemption continues.

    After months of legal escalation — a temporary restraining order, a preliminary injunction, a failed Nevada Supreme Court appeal, and a contempt threat — Kalshi and the Nevada Gaming Control Board (NGCB) agreed to a joint resolution on July 24, 2026. Rather than face a contempt ruling, Kalshi committed to deploying a commercial, multi-source geofencing solution through GeoComply to block Nevada residents from prohibited event contracts by August 12, 2026.

    This is not a legal settlement of the underlying dispute. Kalshi still argues that CFTC has exclusive federal jurisdiction over its contracts and that Nevada state law cannot apply. The agreement resolves the contempt threat — not the lawsuit.

    Geofence Deadline

    August 12, 2026

    GeoComply must be live

    Daily Fine If Missed

    $120,000

    Per day after deadline

    Geofencing Vendor

    GeoComply

    multi-source geofencing

    Why Kalshi's IP Blocking Failed

    After the amended injunction took effect on May 18, 2026, Kalshi implemented its own in-house geolocation system. According to court documents, Kalshi spent less than $200,000 building it and used internal testers to verify it. The system relied primarily on users' IP addresses to infer their location.

    IP-based geolocation has a well-documented limitation: VPNs, proxy services, and mobile data roaming can mask a user's true location. On eight separate occasions across May 28, 30, 31, and June 1, 2026, NGCB investigators physically located inside Nevada successfully placed sports, election, and entertainment trades on Kalshi's platform — bypassing the IP blocks.

    “Kalshi acknowledges that, notwithstanding Kalshi's implementation of IP-based and residency-based trading blocks, the state's investigators have successfully placed trades in sports-, election-, and entertainment-related event contracts during the pendency of the court's amended PI order.”

    — Joint stipulation, First Judicial District Court of Nevada, Carson City, July 24, 2026

    Kalshi added that it “does not concede that any such trades amount to cause for an order of contempt” and reserves all legal defenses. But the failure of the IP-based system was the trigger for the contempt threat — and the negotiated pivot to GeoComply.

    What the GeoComply Geofencing Solution Does

    GeoComply is a commercial geolocation company used across regulated U.S. online gaming markets. Unlike IP-only approaches, GeoComply uses multiple location signals simultaneously: IP address, GPS coordinates, Wi-Fi access point data, cell tower triangulation, and device-level indicators. The combination makes spoofing substantially harder than defeating a single IP check.

    The joint stipulation requires Kalshi to implement “a multi-source geofencing solution provided through GeoComply designed to prevent anyone located within the geographic boundaries of the State of Nevada from placing trades in violation of the preliminary injunction.”

    What changes for Nevada users
    • • Harder to access restricted contracts from Nevada
    • • Multiple location signals — not just IP — verified
    • • Same technology standard as licensed NV sportsbooks
    • • Contempt threat against Kalshi is suspended
    What does NOT change
    • • The underlying lawsuit and legal dispute continue
    • • Kalshi's preemption argument is not conceded
    • • Court's preliminary injunction remains in force
    • • Non-sports, non-election contracts: status unclear

    Compliance periods: Kalshi agreed to provide NGCB with periodic progress updates during implementation. The GeoComply solution must be fully operational by August 12, 2026. The geofencing requirement stays in place for the duration of the preliminary injunction, not just through the deadline.

    How We Got Here: Full Timeline

    March 2025

    NGCB cease-and-desist

    Nevada Gaming Control Board orders Kalshi to stop offering sports event contracts by March 14, 2025. Kalshi declines to comply.

    March 20, 2026

    TRO granted

    Judge Jason Woodbury grants NGCB's temporary restraining order, blocking Kalshi sports, election, and entertainment event contracts in Nevada.

    April 3, 2026

    Preliminary injunction issued

    State court issues oral ruling converting TRO to a preliminary injunction; requires Kalshi to implement geolocation and geofencing.

    May 18, 2026

    Amended injunction

    Court issues amended PI clarifying compliance requirements. Kalshi implements IP-based blocking. NGCB investigators later find the solution insufficient.

    May 28 – June 1, 2026

    NGCB investigators breach IP blocks

    NGCB investigators successfully place sports, election, and entertainment trades on Kalshi from inside Nevada on 8 occasions across 4 days.

    June 12, 2026

    NGCB requests contempt finding

    NGCB asks First Judicial District Court to hold Kalshi in contempt and impose daily fines for failing to adequately geofence Nevada.

    July 2, 2026

    Nevada Supreme Court denies emergency stay

    Kalshi's last-ditch bid to halt the geofencing mandate is denied by Nevada's highest court.

    July 24, 2026

    Settlement date

    Settlement agreement reached

    Kalshi and NGCB file a joint stipulation in First Judicial District Court of Nevada, Carson City. Contempt hearing canceled. Kalshi agrees to deploy multi-source geofencing via GeoComply by August 12, 2026 or pay $120,000/day.

    August 12, 2026

    Upcoming

    GeoComply implementation deadline

    Kalshi must have GeoComply multi-source geofencing fully deployed to block Nevada residents from sports, election, and entertainment event contracts. Miss it and $120,000/day fines begin.

    What Happens Next

    The settlement resolves the immediate contempt threat but leaves the bigger legal question open: does federal CFTC jurisdiction preempt Nevada's gaming law? That question will be decided by courts, not by this agreement.

    August 12, 2026: GeoComply deadline

    Kalshi must have multi-source geofencing fully operational. If missed, $120,000/day fines begin. Kalshi has already started implementation.

    9th Circuit appeal continues

    A related 9th Circuit case (Blue Lake Rancheria et al. v. Kalshi Inc. et al., docket 25-7504) addressing CFTC preemption heard oral argument on July 10, 2026. That ruling could reshape the Nevada case. See the 9th Circuit analysis →

    Kalshi's legal position unchanged

    Kalshi continues arguing CFTC exclusive jurisdiction. A spokesperson stated: “Nevada is trying to block its own residents from accessing a federally regulated market. Kalshi is subject to exclusive federal jurisdiction, not state law.” Implementation of geofencing does not waive that defense.

    Nevada federal legislation introduced

    Nevada Reps. Horsford and Amodei introduced the Prediction Markets Are Gambling Act on July 24, 2026 — the same day as the settlement. If enacted, it would bar Kalshi and Polymarket from offering sports-style event contracts nationally. Federal legal landscape →

    NGCB Chair statement

    NGCB Chairman Mike Dreitzer said: “The Court required Kalshi to stop offering covered event contracts in Nevada, and Kalshi violated that order. This agreement will ensure that Kalshi fully complies with Nevada law moving forward, or it will face stiff penalties. We will continue to vigorously enforce Nevada law to safeguard gaming in our state.”

    Nevada vs. Michigan: How the Two Cases Compare

    FactorNevadaMichigan
    Geofence deadlineAugust 12, 2026August 12, 2026
    Geofence vendorGeoComplyGeoComply
    Daily fine if missed$120,000$500,000
    CFTC interventionNone yetCFTC order Jul 14 (fulfill trades)
    Contempt statusAverted — joint stipulationOngoing

    Both states have the same GeoComply deadline and vendor, but Michigan's fine is 4× higher and faces an additional CFTC federal orders conflict. Michigan details →

    What Nevada Users Should Do

    Nevada residents in the sports, election, and entertainment markets covered by the preliminary injunction are effectively blocked from those Kalshi contracts. Here's the practical picture:

    Check Kalshi's official site

    Kalshi's help center and platform status pages are the primary source for which contracts are blocked in your state. Access restrictions can change as litigation develops.

    Polymarket may be different

    Polymarket's Nevada situation is governed by separate court orders. Check Polymarket's official site for current Nevada access status.

    Do not use VPNs to bypass geofencing

    Using a VPN to access restricted contracts from Nevada could expose you to legal risk for trading in violation of a court order. The preliminary injunction applies to platforms, not just individuals — but the legal landscape is unsettled.

    Follow the 9th Circuit and courts

    The underlying preemption question is still being litigated. A ruling in Kalshi's favor could lift the Nevada injunction. A ruling against could entrench it. See the full state-by-state tracker →

    Frequently Asked Questions

    Primary Sources

    • NGCB press release, July 24, 2026 — Nevada Gaming Control Board announcement of agreement with Kalshi (gaming.nv.gov)
    • Joint stipulation, July 24, 2026 — Filed in First Judicial District Court of Nevada, Carson City; Kalshi and NGCB acknowledge geofencing failure, agree to GeoComply by August 12, 2026
    • Court order, May 18, 2026 — Amended preliminary injunction from First Judicial District Court of Nevada, Carson City, clarifying geofencing requirements
    • TRO, March 20, 2026 — Judge Jason Woodbury, First Judicial District Court of Nevada, Carson City, granting NGCB's temporary restraining order against Kalshi

    Platform access status changes as litigation develops. Confirm current status directly at kalshi.com.

    Related guides

    Nevada Prediction Markets

    Full state guide: court history, platform access, and what's legal.

    What Nevada's Injunction Meant for Kalshi Users

    Earlier explainer on the original TRO and preliminary injunction.

    Michigan Prediction Markets

    Michigan's $500K/day order and the CFTC dual-authority standoff.

    State-by-State Prediction Market Actions

    Full tracker of injunctions, lawsuits, and status across all states.