Kalshi logo seen inside T-Mobile as company fights its ban from Nevada
A day after a Carson City judge told prediction market Kalshi it needed to cease any operations in Nevada by Monday, the company's logo appeared inside T-Mobile Arena during the Vegas Golden Knights Stanley Cup playoff game.
In an order signed Tuesday, District Judge Jason Woodbury granted a preliminary injunction sought by the Gaming Control Board that bans the company from offering sports-related, election-related and entertainment-related event contracts to Nevada residents.
However, the Kalshi logo was on the dasherboards near a faceoff circle during the Knights' 5-4 double-overtime victory over the Utah Mammoth. Previously, the logos for Kalshi and rival prediction market Polytmarket were only visible to television viewers as "brand exposure" through multiyear agreements between the companies and the NHL.
During the regular season, advertising messages inside T-Mobile are controlled by the Knights and the venue's operators, entertainment giant AEG and MGM Resorts International.
A spokesman for the casino operator declined to comment on the Kalshi images.
Nevada gaming regulators can't get involved because they do not have any jurisdiction over the arena, even though a gaming license holder is a part owner.
Representatives from Kalshi, the NHL and the Golden Knights did not respond to requests for comment.
In his order, Woodbury said Kalshi's conduct in Nevada "constitutes the operations of a sports pool as it involves the acceptance of wagers." Also, Kalshi "takes a commission on contracts purchased through its system, meaning it is operating a 'percentage game' as defined in Nevada law."
Nevada gaming regulators are awaiting a decision from the 9th Circuit Court of Appeals concerning lawsuits involving Kashi and other prediction markets. During a more than two-hour hearing in San Francisco on April 16, three judges appeared skeptical of arguments by Kalshi attorneys that Nevada gaming regulators are unfairly keeping the businesses out of the state.
This is a developing story and will be updated.
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