KalshiEX LLC v. Knudsen

Pending — no ruling yet9th Cir.Kalshi v. State

Last updated August 16, 2026. Snapshot — not legal advice.

Overview

After Montana’s Gambling Control Division (DOJ) issued cease-and-desist orders concluding Kalshi’s contracts are illegal gambling under state law, Kalshi sued Attorney General Austin Knudsen and gaming officials (April 2026) seeking a preliminary injunction on federal-preemption grounds; Kalshi asserted the state broke a 2025 non-enforcement understanding tied to the Nevada matter. No ruling yet.

Timeline

April 2026

Kalshi sues AG Knudsen and Montana gaming officials seeking a preliminary injunction (D. Mont., 6:26-cv-00028).

What's next: At the trial-court stage; no ruling yet.

Parties

Plaintiffs

  • KalshiEX LLC

Defendants

  • Austin Knudsen (Montana Attorney General)
  • Montana gaming officials
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