A Nevada judge has issued a 14-day temporary restraining order against Blockratize, operator of the prediction market Polymarket, prohibiting it from offering sports event contracts to Nevada residents. This ruling challenges industry arguments that federal goods and services law takes precedence over state gambling rules. The court upheld the Nevada Gaming Control Board's application, finding that Polymarket's sports and other event marketplaces constitute unlicensed gambling, not regulated financial products. The judge noted that if the platform continues to operate without a gambling license, it will cause irreparable damage to the state's ability to regulate gambling integrity, minor gambling, and compliance standards. Previously, Tennessee had also requested that Polymarket, Kalshi, and other platforms cease offering sports event contracts in the state.
A Nevada court issued a temporary restraining order, finding that the sports marketplace offered by Polymarket constituted unlicensed gambling.
2026-02-03 12:00:10
Share
Disclaimer: This article is copyrighted by the original author and does not represent MyToken’s views and positions. If you have any questions regarding content or copyright, please contact us.(www.mytokencap.com)contact
About MyToken:https://www.mytokencap.com/en/aboutusArticle Link:https://www.mytokencap.com/en/choicenews/3007668.html