- A federal judge on March 3 also remanded the civil enforcement action of Nevada against Kalshi back to the state court.
- The Nevada decision comes amid the increasing pressure on prediction markets from state regulators
The US federal court ruling has pushed the risk even higher that Nevada regulators could look for halting prediction-market trading in the state after a judge sent a contest comprising Polymarket’s parent company, Blockratize, back to state court
A federal judge declined arguments that US regulation under the Commodity Exchange Act (CEA) and the Commodity Futures Trading Commission (CFTC) completely prevents state gaming laws for prediction markets, as per a Monday order
The judge found that the savings clause of the CEA does not fully replace state authority and that the firms had not revealed a basis to obstruct the action of Nevada at this stage. The decision shows the Nevada Gaming Control Board can carry on going after its civil enforcement case in state court, where it could look for an injunction limiting Nevada residents from accessing event contracts provided by Polymarket or Kalshi
Decision Amid The Increasing Pressure
With regards to the ruling, the parent company of Polymarket submitted a motion to request a brief administrative stay of the remand order of the court. The motion is a legal request looking to freeze a court ruling or enforcement action witnessed as a short-term emergency measure
The Nevada decision comes amid the increasing pressure on prediction markets from state regulators, including Kalshi, which has been fighting Nevada’s gaming regulator since 2025
A federal judge on March 3 also remanded the civil enforcement action of Nevada against Kalshi back to the state court, exposing Kalshi to an imminent temporary restraining order excluding it from providing event contracts in the state, as per a court filing witnessed from sports betting and gaming-aimed lawyer Daniel Wallach
Today, Wallach posted on X mentioning that the ruling could encourage other states to sue Kalshi in state court and look for injunctions to hinder event contracts, a strategy that has already succeeded in every case brought
Highlighted Crypto News Today:
Aptos (APT) Charts Turn Bullish: Is a $1 Surge Loading?
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
February Trading Platform Data: CEX Spot Trading Volume Increased by 4.8% Month-over-Month, Perp DEX Contract Trading Volume Decreased by 7.4% Month-over-Month
Gate News Report, March 10 — According to statistical data, the spot trading volume of mainstream CEXs in February 2026 increased by 4.8% compared to January 2026, and the perpetual contract trading volume increased by 17.4% compared to January 2026. During the same period, the perpetual contract trading volume of mainstream Perp DEXs decreased by 7.4% compared to January 2026, but website traffic increased by 33.53%.
GateNews8m ago
ROBO (Fabric Protocol) 24-hour increase of 15.99%
Gate News Report, March 10 — According to Gate market data, at the time of press, ROBO (Fabric Protocol) is trading at $0.05, up 15.99% in the past 24 hours, reaching a high of $0.06 and a low of $0.04. The 24-hour trading volume is $76.2 million. The current market capitalization is approximately $109 million, an increase of $15 million from yesterday.
Fabric Foundation is an independent non-profit organization dedicated to advancing open robotics and general artificial intelligence development. The organization focuses on building governance, economic, and coordination infrastructure to ensure humans and intelligent machines can collaborate safely and efficiently. Its mission is to ensure that intelligent machines expand human opportunities, stay aligned with human intentions, and benefit people worldwide.
Fab
GateNews15m ago
XRP Today News: XRP Whale Accumulates 210 Million Tokens, Market Compression Range Indicates a Major Move
XRP has been under continuous pressure this year, but large whales holding between 1 million and 100 million XRP have recently increased their holdings by approximately 210 million coins, indicating that major investors are quietly building positions during the downturn. On the technical side, XRP is forming a contracting wedge between the support at $1.30 and resistance at $1.50, suggesting a potential significant directional move. The low liquidity environment could both amplify gains and increase downside risks. Watching whether the $1.30 support can hold is crucial.
MarketWhisper19m ago
SUI (Sui) up 7.01% in the last 24 hours
Gate News Report, March 10 — According to Gate market data, at the time of press, SUI (Sui) is trading at $0.96, up 7.01% in the past 24 hours. The price reached a high of $0.99 and a low of $0.87, with a 24-hour trading volume of $632 million. The current market capitalization is approximately $3.726 billion, an increase of $244 million compared to yesterday.
Sui is a modular decentralized infrastructure platform dedicated to integrating assets, data, permissions ownership, programming, and verification into a complete tech stack. Sui Stack provides developers with a native suite of tools, including asset and service coordination, a trusted data layer, data security, verifiable off-chain computation, liquidity management, and identity management. The platform supports the Move smart contract language,
GateNews38m ago
Bitcoin surpasses 70,000 USDT, with an intraday increase of 2.33%
Gate News Report, March 10th, according to market data, Bitcoin broke through 70,000 USDT, currently trading at 70,031.93 USDT, with a daily increase of 2.33%.
GateNews52m ago
SOL (Solana) increased by 4.60% in the last 24 hours
Gate News Report, March 10th, according to Gate market data, as of press time, SOL (Solana) is trading at $85.65, up 4.60% in the past 24 hours, with a high of $93.83 and a low of $80.71. The 24-hour trading volume reached $4.095 billion. The current market capitalization is approximately $48.886 billion, an increase of $2.148 billion compared to yesterday.
Solana is a leading high-performance network powering internet capital markets, payments, and crypto applications. As the world's largest startup and enterprise platform, it has the most users, the most developers, the highest trading activity, and the highest real TPS. Major companies such as Western Union, Visa, Worldpay, Circle, PayPal, and Fiserv are among the top global players.
GateNews1h ago
