The Nevada Gaming Control Board licenses and enforces Nevada gaming laws, alongside the Nevada Gaming Commission, with its Enforcement Division serving as the state’s gaming law enforcement arm.
A wave of court rulings on prediction markets, led by Kalshi, has put federal and state regulators at odds. The Ninth Circuit has ruled Nevada may apply its gaming laws to Kalshi’s sports-event contracts, a decision echoed by other circuits as litigation intensifies. The Supreme Court is likely to weigh in as cases diverge.