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Timeline of Nevada Gaming Control Board (NGCB) Actions Against Prediction Markets

Date

Event

Mar. 4, 2025

NGCB issues cease-and-desist letter to Kalshi

Mar. 28, 2025

Kalshi files suit in federal district court seeking to enjoin enforcement of Nevada gaming law

Apr. 9, 2025

Federal district grants Kalshi a preliminary injunction, preventing NGCB from enforcing Nevada gaming law against Kalshi

May 8, 2025

NGCB sends letter to Robinhood warning it not to start offering sports event contracts in Nevada

May 20, 2025

NGCB issues cease-and-desist letter to Crypto.com

June 4, 2025

Crypto.com files suit in federal district court seeking to enjoin enforcement of Nevada gaming law

Aug. 19, 2025

Robinhood files suit in federal district court seeking to enjoin enforcement of Nevada gaming law

Oct. 14, 2025

Federal district court denies Crypto.com a preliminary injunction

Crypto.com agrees to limit event contract offerings in Nevada pending appeal

Nov. 25, 2025

Federal district court dissolves Kalshi’s preliminary injunction and denies Robinhood a preliminary injunction

Robinhood agrees to limit event contract offerings in Nevada pending appeal

Jan. 16, 2026

NGCB files enforcement action against Polymarket in state court

Jan. 29, 2026

State court issues temporary restraining order barring Polymarket from offering prohibited event contracts

Feb. 2, 2026

NGCB files enforcement action against Coinbase in state court

Feb. 5, 2026

State court issues temporary restraining order barring Coinbase from offering prohibited event contracts

Feb. 17, 2026

NGCB files enforcement action against Kalshi in state court

Mar. 20, 2026

State court issues temporary restraining order barring Kalshi from offering prohibited event contracts

Mar. 26, 2026

State court enjoins Coinbase from offering prohibited event contracts in Nevada

Apr. 3, 2026

State court enjoins Kalshi from offering prohibited event contracts in Nevada

Apr. 16, 2026

Federal appellate court hears oral argument in Kalshi’s, Crypto.com’s, and Robinhood’s appeals

May 29, 2026

State court enjoins Polymarket from offering prohibited event contracts in Nevada

June 4, 2026

NGCB moves to hold Kalshi in contempt for violation of state court’s preliminary injunction