VA ยท Checked Oct. 21, 2026
Prediction market law in Virginia
No public action found
Virginia has not acted against prediction markets; a 2026 gaming-commission bill that would have studied them failed.
No Virginia cease-and-desist, state lawsuit, or prediction-market statute was found. HB 271, which would have created a Virginia Gaming Commission and directed it to study prediction markets, failed in the 2026 session. Virginia joined the June 2026 amicus brief supporting Ohio. A private federal suit against Kalshi was filed in the Eastern District of Virginia in 2026.
Timeline of state actions
Other development, Kalshi
Virginia joined a 37-state coalition (36 states plus California) that filed an amicus brief in the Sixth Circuit supporting Ohio's enforcement position against Kalshi (date is the coalition announcement).
Laws and bills
HB 271 (2026)FailedMarch 14, 2026
Virginia Gaming Commission
Sponsored by Del. Paul Krizek, the bill would have created an independent Virginia Gaming Commission; an early-session summary said it would also direct the commission to study prediction markets. It failed in the session that adjourned March 14, 2026.
Source: williamsmullen.com
Court cases
- Moran v. Kalshi Inc., et al.Pending