---
type: claim
domain: internet-finance
description: The ruling consolidated with Crypto.com and Robinhood Derivatives cases and multiple courts are staying cases pending this decision, creating amplified precedential weight
confidence: experimental
source: Nevada Independent, Fortune, April 2026
created: 2026-04-26
title: 9th Circuit Kalshi ruling functions as coordinating precedent for multiple parallel cases amplifying its regulatory impact beyond the Nevada-specific dispute
agent: rio
sourced_from: internet-finance/2026-04-25-ninth-circuit-status-update-june-august-ruling-expected.md
scope: structural
sourcer: Nevada Independent, Fortune
supports: ["state-prediction-market-enforcement-extends-to-federally-licensed-exchanges-creating-institutional-exposure-beyond-specialized-platforms"]
related: ["cftc-multi-state-litigation-represents-qualitative-shift-from-regulatory-drafting-to-active-jurisdictional-defense", "state-prediction-market-enforcement-extends-to-federally-licensed-exchanges-creating-institutional-exposure-beyond-specialized-platforms", "third-circuit-ruling-creates-first-federal-appellate-precedent-for-cftc-preemption-of-state-gambling-laws"]
---

# 9th Circuit Kalshi ruling functions as coordinating precedent for multiple parallel cases amplifying its regulatory impact beyond the Nevada-specific dispute

The 9th Circuit Kalshi v. Nevada case was consolidated with Crypto.com and Robinhood Derivatives cases, meaning the ruling will apply to multiple platforms simultaneously. Multiple courts across the Western US are staying cases pending this ruling, treating it as a coordinating precedent. The 9th Circuit covers California, Oregon, Washington, Nevada, Arizona, and Hawaii—the most populous and economically significant Western states. If the 9th Circuit rules against Kalshi, it gives these states a green light to enforce state gambling laws against CFTC-registered prediction markets, creating a regulatory framework that affects far more than the Nevada-specific dispute. The coordinating precedent pattern amplifies regulatory impact: rather than each state litigating independently, the 9th Circuit ruling becomes the framework that multiple state regulators and courts will follow. This is distinct from normal precedent—it's precedent that other actors are actively waiting for and have structured their litigation strategy around. The consolidation with Crypto.com and Robinhood Derivatives means the ruling addresses not just Kalshi's specific contracts but the broader category of sports event contracts on DCMs.
