{"id":889734,"date":"2026-02-02T23:11:54","date_gmt":"2026-02-03T05:11:54","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/02\/02\/nevada-court-temporarily-bars-polymarket-from-offering-contracts-in-state\/"},"modified":"2026-02-02T23:11:54","modified_gmt":"2026-02-03T05:11:54","slug":"nevada-court-temporarily-bars-polymarket-from-offering-contracts-in-state","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/02\/02\/nevada-court-temporarily-bars-polymarket-from-offering-contracts-in-state\/","title":{"rendered":"Nevada Court Temporarily Bars Polymarket From Offering Contracts In State"},"content":{"rendered":"
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\n Nevada Court Temporarily Bars Polymarket From Offering Contracts In State <\/h2>\n
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Crypto Reporter<\/p>\n

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Shalini Nagarajan<\/p>\n

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Crypto Reporter<\/p>\n

Shalini Nagarajan<\/span>\"Verified\"<\/span>\n <\/p>\n<\/p><\/div>\n

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Part of the Team Since<\/p>\n

Jan 2024<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

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About Author<\/p>\n

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

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Last updated:\u00a0<\/p>\n

\"Polymarket\"<\/p>\n

A Nevada state judge has temporarily blocked Polymarket<\/a> from offering sports and event contracts to residents, handing state regulators an early win in a fast-moving fight over who gets to police prediction markets<\/a>.<\/p>\n

The order targets Blockratize, the entity behind Polymarket, along with related defendants listed as QCX LLC, doing business as Polymarket US, and Adventure One QSS, Inc., also doing business as Polymarket. <\/p>\n

Judge Woodbury granted a renewed ex parte request for a temporary restraining order, which will remain in place for 14 days, while the court sets a hearing on the preliminary injunction motion for Feb. 11.<\/p>\n

The dispute lands as Washington warms to the idea that prediction markets need clearer guardrails. <\/p>\n

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BREAKING: Nevada state court issues temporary restraining order against Polymarket over offering of event contracts, says that the CEA does not vest exclusive jurisdiction in the CFTC. TRO will remain in effect for 14 days; hearing on the PI motion scheduled for 2\/11. pic.twitter.com\/p1tRk38EMD<\/a><\/p>\n

\u2014 Daniel Wallach (@WALLACHLEGAL) January 30, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Just last week, the CFTC\u2019s chairman Michael Selig said the US derivatives watchdog is preparing a new rulebook for prediction markets<\/a>, as platforms such as Polymarket and Kalshi pull in billions in activity by letting traders bet yes or no on everything from politics to pop culture.<\/p>\n

State Gaming Rules Hold Ground Against Federal Jurisdiction Claims<\/h2>\n

Polymarket has argued that its contracts fall under federal oversight, contending it \u201coperates a federally designated contract market subject to the \u2018exclusive jurisdiction\u2019 of the Commodity Futures Trading Commission.\u201d<\/p>\n

The state board has pushed back, saying Nevada law and licensing standards still apply when those contracts are offered to residents.<\/p>\n

In granting the temporary order, the court signalled it is not persuaded, at least for now, that federal law blocks Nevada from acting. Judge Woodbury wrote, \u201cThe question of federal preemption\u2026 is nuanced and rapidly evolving. At the moment, the balance of convincing legal authority weighs against federal preemption in this context,\u201d calling earlier reasoning in related litigation persuasive.<\/p>\n

Unlicensed Operators Seen As Threat To Regulatory Integrity<\/h2>\n

The ruling also leans heavily on the board\u2019s claim that an unlicensed operator can erode Nevada\u2019s ability to run a tightly controlled gaming market. Judge Woodbury said, \u201cThe resulting harm in evasion of Nevada\u2019s \u2018comprehensive regulatory structure\u2019 and \u2018strict licensing standards\u2019 is immediate, irreparable and not sufficiently remediable by compensatory damages.\u201d<\/p>\n

The court pointed to practical enforcement gaps that Nevada says it cannot close without jurisdiction, including limited ability to ensure wagers are not accepted from people who could influence outcomes in sporting events, and limited tools to prevent underage participants from buying event contracts.<\/p>\n

The decision is an early marker in a broader tug of war between state gaming regulators and platforms that pitch event contracts as financial products, not wagers. <\/p>\n

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Nevada Court Temporarily Bars Polymarket From Offering Contracts In State Crypto Reporter Shalini Nagarajan Crypto Reporter Shalini Nagarajan Part of the Team Since Jan 2024 About Author Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector. Last updated:\u00a0 February 2, 2026 A Nevada state judge<\/p>\n","protected":false},"author":1,"featured_media":889735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2047,779],"tags":[],"class_list":{"0":"post-889734","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-court","8":"category-nevada"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/889734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=889734"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/889734\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/889735"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=889734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=889734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=889734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}