Nevada Court Temporarily Bans Polymarket Sports Contracts

Published by

Sohrab Khawas

February 2, 2026

Nevada Court Temporarily Bans Polymarket Sports Contracts

A Nevada state court has issued a two-week temporary restraining order preventing Blockratize, the operator of the prediction market Polymarket, from offering sports and event contracts to residents, saying those activities likely violate Nevada’s gambling laws. The judge agreed with the Nevada Gaming Control Board’s civil complaint that Polymarket is operating without a state gaming license and that the federal Commodity Exchange Act does not give the CFTC exclusive authority over these contracts. If upheld, Polymarket and similar platforms may have to obtain state licenses or stop offering such markets.

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Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by

Sohrab Khawas

Tags: Crypto news