Legal Sports Betting Brief: Alberta, Kalshi Cease-and-Desist

Alberta’s Bill 48: the iGaming Alberta Act seeks to create a competitive online gambling market.
In New Jersey and Nevada, regulators have issued cease-and-desist orders to Kalshi’s sports prediction markets.

ATLANTIC CITY, N.J. – Alberta is taking steps to modernize its gambling landscape with the introduction of Bill 48. Meanwhile, Kalshi is facing mounting legal pressure in New Jersey and Nevada, with both states issuing cease-and-desist orders for offering unauthorized sports wagers.

Alberta Considers Online Sports Betting and iGaming

Announced by Service Alberta Minister Dale Nally, Bill 48, the iGaming Alberta Act, aims to regulate sports betting and casino platforms.

At present, PlayAlberta – run by the Alberta Gaming, Liquor, and Cannabis Commission (AGLC)—is the only legal online casino platform in the province. However, offshore gambling controls over half of Alberta’s online gambling activity.

Bill 48 seeks to bring these operators under provincial oversight and generate tax revenue for the province. Mirroring Ontario’s open-market approach of nearly 50 registered sites, a similar framework in Alberta could unlock an industry worth more than $700 million annually.

While a tax rate has yet to be determined—Ontario levies 20%—Nally emphasized that consumer safety is the top priority. Though no official launch date has been set, the legal Canadian sports betting market could be operational by late 2025 or early 2026.

Kalshi Faces Cease-and-Desist Orders in New Jersey and Nevada

The New Jersey Division of Gaming Enforcement (DGE) has issued a cease-and-desist order against Kalshi and its partner, Robinhood, for allegedly offering unauthorized sports wagers.

The DGE claims that Kalshi’s sports prediction markets violate the state constitution, which prohibits legal sports betting on college events and teams. New Jersey regulators have demanded written confirmation by 11:59 p.m. ET Friday that Kalshi has ceased operations targeting state residents and voided all affected wagers.

Nevada has also taken legal action against Kalshi, alleging it operates a Nevada sports betting platform that is unlicensed. The Nevada Gaming Control Board initially set a March 14 deadline for compliance but later granted an extension, with a new deadline approaching.

Kalshi continues to resist, maintaining that its online sportsbook operations fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC) rather than state regulators.

With both New Jersey and Nevada challenging Kalshi’s legality, the platform faces increasing scrutiny.

Massachusetts has also subpoenaed Robinhood over its role in offering sports-related contracts. Meanwhile, Kalshi’s NCAA Tournament prediction markets have seen significant trading volume, highlighting the growing demand for alternative sports-based financial instruments despite regulatory resistance.

Advertising Disclosure

In order to provide you with the best independent sports betting news and content LegalSportsBetting.com may receive a commission from partners when you make a purchase through a link on our site.

Michael Molter

After spending time scouting college basketball for Florida State University under Leonard Hamilton and the University of Alabama under Anthony Grant, Michael started writing focused on NBA content. A graduate of both schools, he now covers legal sports betting bills, sports betting revenue data, tennis betting odds, and sportsbook reviews. Michael likes to play basketball, hike, and kayak when not glued to the TV watching midlevel tennis matches.