The Nevada Gaming Management Board has filed to dam Polymarket operations within the state, describing them as “unlicensed wagering.”
The Board filed a civil enforcement motion on January 16, requesting an injunction to dam prediction market Polymarket from providing “unlicensed wagering in violation of Nevada legislation”. Because of this Polymarket may very well be formally ordered by the court docket to stop operations in Nevada, though the corporate may nonetheless file a counter-suit or an enchantment to attempt to keep away from this.
BREAKING: The Nevada Gaming Management Board has filed a civil enforcement motion in Carson Metropolis District Courtroom towards Polymarket. The Board seeks a declaration and injunction to cease Polymarket from providing unlicensed wagering in violation of Nevada legislation. pic.twitter.com/LJIRjw1DsD
— Daniel Wallach (@WALLACHLEGAL) January 17, 2026
“Polymarket operates a derivatives alternate and prediction market the place it affords occasion contracts on the market,” wrote the Board in a press release announcing the move. “These merchandise are provided on the market on Polymarket’s cell app and are made out there to individuals in Nevada. The Board considers providing sports activities occasion contracts, or sure different occasions contracts, to represent wagering exercise beneath NRS 463.0193 and 463.01962 and, subsequently, entities providing such occasion contracts have to be licensed.
“The Board has deemed Polymarket’s operations to be illegal in Nevada.”
A wave of obstacles for prediction markets in Nevada and past
This isn’t the primary such transfer in Nevada, with earlier comparable actions taken towards both DraftKings and Flutter’s prediction market services, whereas a federal judge also ruled against Robinhood and Kalshi. Elsewhere throughout the US, states like Tennessee and even national groups have additionally taken goal at prediction markets, arguing that such corporations are skirting playing laws.
“Nevada’s public coverage, as expressed by the Legislature, is that the gaming trade is vitally necessary to the financial system of the state and the final welfare of the inhabitants and subsequently have to be licensed, managed, and assisted to guard the general public well being, security, morals, good order, and normal welfare of the inhabitants of the State,” stated the Board.
ReadWrite has contacted Polymarket for remark.
Featured picture: Wikimedia Commons, licensed beneath CC BY-SA 4.0 / Polymarket
The submit Nevada files to block Polymarket from offering ‘unlicensed wagering’ in the state appeared first on ReadWrite.
