The Nevada Court Issues Temporary Restraining Order Against Polymarket

By: theblockbeats.news|2026/02/02 06:01:17

BlockBeats News, February 2nd, a Nevada court issued a temporary restraining order against Polymarket, prohibiting the entity Blockratize behind Polymarket from offering event-based contracts in the state for two weeks. The court believes that Polymarket's activities may violate Nevada's gambling laws and are not protected by federal derivatives-specific regulation.

-- Price

--
--
--

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

You may also like

Data center operator Switch launches $2 billion private financing, led by a16z

Data center operator Switch announced the official launch of a $2 billion private financing round, led by a16z. According to insiders, Switch's post-financing enterprise valuation (including debt) may approach $50 billion, with an equity value of approximately $19 billion (excluding new investments)...

The U.S. Court of Appeals dismissed Kalshi's request to suspend the state-level lawsuit against Polymarket

According to Bloomberg, the U.S. Court of Appeals ruled that the enforcement lawsuits by Nevada and Washington against the prediction market platforms Kalshi and Polymarket can continue in state court, and rejected the companies' request to pause the related cases during the appeal.The court stated ...

After Kalshi filed an appeal, the compliance dispute in the prediction market may be handed over to the U.S. Supreme Court

The U.S. Court of Appeals for the Ninth Circuit heard oral arguments from lawyers representing the prediction market platform Kalshi and Nevada authorities regarding Nevada's ban on the platform's event contracts. This appeal stems from a lower court ruling that prohibited Kalshi from offering certa...

Nevada court extends ban on Kalshi sports prediction market

A judge in Nevada, USA, ruled that the sports prediction market products offered by Kalshi are "substantially indistinguishable" from gambling activities and decided to extend a previously issued temporary ban while also approving a preliminary injunction requested by the state gambling regulatory a...

Agencies Must Establish Clear Prediction Market Rules to Prevent FTX-Like Catastrophes, Says CFTC Chief

Key Takeaways: CFTC Chair Michael Selig highlights the pressing need for firm policies on prediction markets to avert…

CFTC Accommodates NFL’s Call for Prediction Market Guardrails

Key Takeaways: NFL pressures Kalshi and Polymarket to avoid manipulated event contracts, gaining leverage from CFTC deference. The…

...
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com