Case 2:25-cv-00575-APG-BNW Document 45 Filed 04/09/25 Page 17 of 17
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VII. Bond Kalshi argues no bond or a de minimis bond should be ordered because the defendants will suffer no damages by halting enforcement against Kalshi while this case proceeds. The defendants did not address a bond in their opposition. Because Kalshi has shown a likelihood of success on the question of whether Nevada law is preempted, a de minimis $10,000 bond is appropriate. Either party may file a properly supported motion to increase or decrease the bond amount. As stated at the hearing, I grant Kalshi’s request to post a cash bond. See ECF No. 43. VIII. Conclusion I THEREFORE ORDER that the defendants’ motion for a temporary restraining order (ECF No. 35) is DENIED . I FURTHER ORDER that plaintiff KalshiEX LLC’s motion for a preliminary injunction (ECF No. 18) is GRANTED . I FURTHER ORDER that the Nevada Gaming Control Board, Nevada Gaming Commission, and their members in their official capacities are hereby enjoined from enforcing preempted state laws against KalshiEX LLC. The defendants are enjoined from pursuing civil or criminal prosecutions against KalshiEX LLC for offering event-based contracts on a CFTC-designated market. This injunction took effect when I announced my ruling orally at the conclusion of the April 8, 2025 hearing. DATED this 9th day of April, 2025, nunc pro tunc April 8, 2025.
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ANDREW P. GORDON CHIEF UNITED STATES DISTRICT JUDGE
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