Nevada files motion for TRO and preliminary injunction against Polymarket

1 View

"Welcome to Nevada" sign along southbound U.S. Route 95 entering Clark County, Nevada from San Bernardino County, California. Nevada files motion for TRO and preliminary injunction against Polymarket

The battle in opposition to state gaming commissions and prediction markets wages on, as Nevada gaming regulators have filed a movement for a brief 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 change and prediction market (“market”) that provides event-based contracts referring to sporting and different occasions to folks…”

NEW: Nevada recordsdata movement for TRO and preliminary injunction in opposition to Polymarket, seeks order enjoining Polymarket and its brokers and associates from providing event-based contracts referring to sporting and different occasions to individuals positioned 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, printed earlier, on January 16, they state that “Polymarket operates a derivatives change and prediction market the place it gives occasion contracts on the market. These merchandise are provided on the market on Polymarket’s cellular 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 beneath NRS 463.0193 and 463.01962 and, due to this fact, entities providing such occasion contracts have to be licensed.”

In addition they proceed to allege they imagine Polymarket’s operations to be illegal within the state of Nevada. Of their assertion, they specific how the “gaming business is vitally vital to the economic system of the state and the final welfare of the inhabitants and due to this fact 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.”

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 business. Simply final week, Tennessee sent three cease-and-desist letters to Kalshi, Polymarket, and Crypto.com they usually demanded a right away finish to operations.

Again in Nevada, they’ve beforehand taken comparable actions in opposition to DraftKings and Flutter’s prediction markets as they stripped them of their licenses. In Massachusetts, an injunction has just lately been granted in opposition to the prediction market Kalshi.

The way forward for the business 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: Through Famartin on Wikimedia Commons, CC 4.0

The submit Nevada files motion for TRO and preliminary injunction against Polymarket appeared first on ReadWrite.

Trending Merchandise