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842 B
Markdown
15 lines
No EOL
842 B
Markdown
# Ryan Nelson
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**Role:** Judge, U.S. Court of Appeals for the Ninth Circuit
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**Appointed:** Trump administration
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**Relevance:** Presiding judge in Nevada v. Kalshi 9th Circuit case (April 2026)
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## Timeline
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- **2026-04-16** — Presided over 9th Circuit oral arguments in Nevada v. Kalshi. Appeared to accept Nevada's Rule 40.11 argument, stating 'The language says it can't go up (on the platform). I don't know how you can read it differently.' This represents an unusual alignment for a Trump-appointed Republican judge to favor state regulatory authority over federal preemption in a financial services context.
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## Notes
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Nelson's apparent acceptance of the Rule 40.11 paradox argument during oral arguments signals potential 9th Circuit ruling against Kalshi, which would create circuit split with 3rd Circuit's pro-preemption ruling. |