Nevada Judge Blocks Polymarket in Latest Event Contract Battle

Nevada Judge Blocks Polymarket in Latest Event Contract Battle

A Nevada judge has granted a preliminary injunction barring prediction market platform Polymarket from offering event contracts to residents of the state, as first reported by the Las Vegas Review-Journal. The ruling marks the latest escalation in the growing number of legal challenges facing prediction markets from state regulators across the United States.

The case sits at the center of an intensifying jurisdictional battle between federal Commodity Futures Trading Commission (CFTC) oversight and state-level gambling authority, as regulators debate how to classify and regulate fast-growing prediction market tools. The injunction blocks Polymarket from operating any event contract offerings for Nevada residents while the broader legal dispute over regulatory authority continues to unfold.

This ruling makes Polymarket the latest platform to face state-level pushback, as lawmakers and regulators work to adapt existing gambling laws to the emerging prediction market landscape.