North American Derivatives Exchange, Inc. v. State of Nevada, et al.

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Case overview

Case Number:

25-7187

Court:

Appellate - 9th Circuit

Nature of Suit:

  1. May 04, 2026

    Calif. Tribes Back Stay In Kalshi Case Before 9th Circ. Rules

    Three California tribes have asked a federal judge to stay their litigation seeking to stop prediction market platforms from conducting what they say is illegal gambling on their lands, saying they can wait until the Ninth Circuit rules on their appeal challenging a denied preliminary injunction.

  2. April 21, 2026

    Kalshi, Tribes Must Weigh In On Pause For 9th Circ. Ruling

    A California federal judge on Tuesday ordered Golden State indigenous groups, KalshiEx Inc. and Robinhood to explain why their fight over allegedly illegal gambling shouldn't be paused pending the Ninth Circuit's decision in a case determining whether Nevada can enforce state gambling laws against prediction markets.

  3. April 16, 2026

    9th Circ. Judge Rips 'Sophistry' By Online Prediction Markets

    A Ninth Circuit judge appeared skeptical Thursday of requests by KalshiEX LLC, Crypto.com and Robinhood to block Nevada from enforcing state gambling laws against sports and election-related contracts, telling Robinhood's counsel "I don't buy" the companies' regulatory interpretation and slamming a Crypto.com argument as "sophistry to the nth degree."

  4. April 01, 2026

    Wheeling & Appealing: April's Most Notable Oral Arguments

    April is the coolest month, at least for appellate aficionados, featuring numerous important arguments with famous litigants, including U.S. senators, delivery apps Grubhub and Uber Eats, impresario Sean "Diddy" Combs, prediction platforms Kalshi and Robinhood, and a political giant known as the Velvet Hammer.

  5. February 17, 2026

    CFTC Backs Prediction Markets In 9th Circ. Fight With Nevada

    U.S. Commodity Futures Trading Commission Chair Michael Selig told state gaming regulators Tuesday that he intends to defend his agency's "exclusive jurisdiction" over prediction markets, starting with a brief to the Ninth Circuit backing Crypto.com in an ongoing brawl with Nevada regulators over its sports wagers.