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Operator v. state
U.S. District Court for the District of Nevada, 2:25-cv-00978
Injunction denied
Bluebook
North American Derivatives Exchange, Inc. v. State of Nevada ex rel. Nevada Gaming Control Board, Prediction Market Laws (last updated Oct. 21, 2026), https://predictionmarketlaws.com/lawsuits/nadex-v-nevada-dnev.
APA
Prediction Market Laws. (2026, October 21). North American Derivatives Exchange, Inc. v. State of Nevada ex rel. Nevada Gaming Control Board. https://predictionmarketlaws.com/lawsuits/nadex-v-nevada-dnev
Preliminary injunction denied Oct. 14, 2025; the Ninth Circuit ruled for Nevada on Aug. 28, 2026; cert petition No. 26-344 pending.
The question
Whether the Commodity Exchange Act preempts Nevada gambling or sports-wagering law as applied to event contracts listed on a CFTC-designated contract market.
Crypto.com's U.S. derivatives exchange sought to block Nevada from enforcing gaming law against its sports contracts. The court denied preliminary relief, and the appeal was decided with Kalshi's.
Next: responses due Nov. 1625 days
Docketed Sept. 15Nov. 16
Resolves Yes if the Court grants review in North American Derivatives Exchange v. Nevada, No if it denies the petition.
Supreme Court No. 26-344. Source: Supreme Court docket
Appeal docketed (No. 25-7187).
Source: dockets.justia.com
Preliminary injunction denied (815 F. Supp. 3d 1169).
Source: law.justia.com
Complaint filed.
Source: dockets.justia.com