Kalshi Loses Ninth Circuit Rehearing Bid in Nevada Fight

That is the whole significance of this round. Kalshi asked the appeals court to take another look at an earlier loss. The court declined.

According to Yogonet, the original three-judge panel unanimously rejected the petitions, and no judge requested a vote on whether the full court should rehear the case. So the prior appellate ruling stays where it was, and so does Nevada’s ability to act under its own laws.

The larger fight over prediction markets and state gambling enforcement is still larger than this procedural step. But this step went against Kalshi, and it did so without any visible appetite inside the Ninth Circuit to reopen the matter.

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