Nevada court hits Polymarket with temporary restraining order, tests CFTC control
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A Nevada judge has temporarily barred prediction market Polymarket from offering event contracts in the state, pushing back against claims that only the CFTC can police those markets.
A Nevada state judge has temporarily forced onchain prediction market Polymarket to halt business in the state, with a ruling that challenges the industry’s argument that federal commodities law preempts state gambling rules.
In a Thursday order seen by Cointelegraph, the court granted the Nevada Gaming Control Board a 14‑day temporary restraining order (TRO) against Polymarket operator Blockratize. The order bans Polymarket from offering event‑based contracts to Nevada residents while the case develops. A preliminary injunction hearing is scheduled for Feb. 11.
The order leans on Nevada gambling statutes, finding at this early stage that Polymarket’s sports and other event markets constitute unlicensed wagering rather than regulated financial products.
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