The battle towards state gaming commissions and prediction markets wages on, as Nevada gaming regulators have filed a movement for a short lived restraining order (TRO) and preliminary injunction against Polymarket.
Within the submitting, it states: “The BOARD seeks to restrain and enjoin POLYMARKET and any of its brokers, staff, officers, or associates from working a derivatives trade and prediction market (“market”) that gives event-based contracts regarding sporting and different occasions to folks…”
NEW: Nevada recordsdata movement for TRO and preliminary injunction towards Polymarket, seeks order enjoining Polymarket and its brokers and associates from providing event-based contracts regarding sporting and different occasions to individuals situated in NV with out acquiring required licensure. pic.twitter.com/TRUktTLbBw
— Daniel Wallach (@WALLACHLEGAL) January 21, 2026
In a press release by the Nevada Gaming Management Board, revealed earlier, on January 16, they state that “Polymarket operates a derivatives trade and prediction market the place it presents occasion contracts on the market. These merchandise are provided on the market on Polymarket’s cell app and are made obtainable to folks in Nevada.
“The Board considers providing sports activities occasion contracts, or sure different occasions contracts, to represent wagering exercise below NRS 463.0193 and 463.01962 and, subsequently, entities providing such occasion contracts should be licensed.”
In addition they proceed to allege they consider Polymarket’s operations to be illegal within the state of Nevada. Of their assertion, they specific how the “gaming trade is vitally necessary to the financial system of the state and the final welfare of the inhabitants and subsequently should be licensed, managed, and assisted to guard the general public well being, security, morals, good order, and basic welfare of the inhabitants of the State.”
Prediction markets proceed to face obstacles in a number of states
A number of states have been taking purpose at prediction markets, with these nonetheless being comparatively new to the trade. Simply final week, Tennessee sent three cease-and-desist letters to Kalshi, Polymarket, and Crypto.com and so they demanded a direct finish to operations.
Again in Nevada, they’ve beforehand taken related actions towards DraftKings and Flutter’s prediction markets as they stripped them of their licenses. In Massachusetts, an injunction has not too long ago been granted towards the prediction market Kalshi.
The way forward for the trade could quickly begin to see adjustments too, because the Commodity Futures Buying and selling Fee (CFTC) Chairman Mike Selig has announced a review and modernization of monetary market regulation, together with embracing prediction markets.
Featured Picture: By way of Famartin on Wikimedia Commons, CC 4.0
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