Nevada Court Temporarily Bars Polymarket From Offering Contracts In State
A Nevada state judge has temporarily blocked Polymarket from offering sports and event contracts to residents, marking an early victory for state regulators in the jurisdictional battle over prediction markets. The order targets Blockratize, QCX LLC, and Adventure One QSS—all operating under the Polymarket brand.
Judge Woodbury granted a 14-day restraining order, with a preliminary injunction hearing set for February 11. The ruling challenges the CFTC's exclusive jurisdiction claims under the Commodity Exchange Act, as Washington considers clearer regulatory frameworks for prediction markets.
The decision comes as CFTC Chairman Michael Selig announced plans for new prediction market rules, reflecting the sector's rapid growth. Platforms like Polymarket and Kalshi have attracted billions in wagers on events ranging from politics to pop culture, testing the boundaries between state gaming laws and federal oversight.
