Polymarket has confirmed that Nevada customers are restricted from buying and selling on its platform for a minimum of the subsequent two weeks, following an hostile court docket ruling.
The platform posted a word on its app, confirming that “Buying and selling [is] not allowed in Nevada.”
The restriction comes after Decide Jason D. Woodbury granted a brief restraining order in opposition to Blockratize Inc., the corporate behind Polymarket, on Thursday. The Nevada Gaming Management Board (NGCB) filed a civil enforcement motion in opposition to the prediction market platform earlier in January, claiming it’s providing unlicensed playing.
BREAKING: Nevada state court docket points non permanent restraining order in opposition to Polymarket over providing of occasion contracts, says that the CEA doesn’t vest unique jurisdiction within the CFTC. TRO will stay in impact for 14 days; listening to on the PI movement scheduled for two/11. pic.twitter.com/p1tRk38EMD— Daniel Wallach (@WALLACHLEGAL) January 30, 2026
The order will initially forestall Polymarket from accepting customers in Nevada for 14 days. A listening to will then happen on February 11, throughout which Polymarket can argue its case and search to have the restriction eliminated.
Polymarket Will Problem Ruling
The corporate stated that it’ll combat the ruling in court docket. In its word on the app, it states, “Polymarket US is difficult this non permanent order in court docket. We love constructing with you, and we hope to proceed doing so within the close to future.
“We’re dedicated to seeing this by means of and to reopening entry as quickly as we’re allowed to take action. We’ll preserve you up to date because the state of affairs develops.”
A decide in Massachusetts equally dominated in opposition to Kalshi in a latest court docket battle with the state’s gaming regulator.
The decide has delayed enforcement motion in opposition to the platform in the interim, however stated he’ll concern an injunction to forestall the corporate from providing sports activities markets to Massachusetts residents. Kalshi is interesting the choice.
A collection of hostile rulings may mark a turning level within the combat between state regulators and prediction markets. Crypto.com has already withdrawn from Nevada and several other different states which have legally challenged its proper to function.
FanDuel and DraftKings additionally pulled their sports activities betting licenses from Nevada previous to launching their prediction market platforms.
Polymarket Relaunched within the US Final Yr
Polymarket is at main danger in Nevada. Picture Credit score: Polymarket
Polymarket relaunched within the US on the finish of 2025 after a three-year hiatus. It was ordered to dam US customers in 2022 after the Commodity Futures Buying and selling Fee (CFTC) dominated it was working with no legitimate license. The corporate additionally paid a $1.4 million nice at the moment.
Final yr, underneath the Trump administration, the CFTC authorised its takeover of the licensed trade QCEX, paving the way in which for it to once more settle for US customers.
As prediction market platforms develop more and more in style, the corporate has expanded its sports activities markets, together with esports. It now provides livestreaming of many League of Legends, Dota 2, and CS2 occasions, amongst others.
Matches commonly appeal to hundreds of thousands of {dollars} in buying and selling quantity. For instance, over $2 million was traded on the LoL match between LGD Gaming and Oh My God within the LPL Group Nirvana.
Savvy customers have made use of bots to benefit from market strikes on matches. One bot generated over $200,000 in revenue from esports wagers in just some months.
CFTC Says It Will Make clear Guidelines For Licensed Operators
Newly appointed CFTC Chair Michael Selig stated final week that the company will make clear its guidelines round occasion contracts for licensed platforms.
Selig said, “For too lengthy, the CFTC’s current framework has confirmed tough to use and has failed our market individuals. That’s one thing I intend to repair by establishing clear requirements for occasion contracts that present certainty to market individuals.”
He added, “The place jurisdictional questions are at concern, the Fee has the experience and accountability to defend its unique jurisdiction over commodity derivatives.”
This might imply that the company makes an attempt to combat in opposition to state regulators, such because the NGCB. It may additionally see authorized battles happen in federal courts to determine the way forward for prediction markets.
