Nevada regulators win temporary injunction blocking Polymarket event contracts
The Nevada Gaming Control Board secured a favorable ruling from Judge Jason Woodbury of the First Judicial District Court on Monday, June 1, blocking Polymarket from offering sports event contracts and certain other event contracts in the state. The board announced the temporary injunction marks another court victory against a prediction market platform. The NGCB considers these offerings to constitute wagering activity under NRS 463.0193 and fall outside permitted gaming frameworks. The ruling bypasses existing sports betting regulations, according to the board's statement. Rhode Island was also mentioned in coverage of the decision.
Polymarket must now geofence Nevada residents and sever local payment partnerships to comply. The ruling gives other state gaming boards a ready template to treat federally regulated event contracts as gambling subject to state injunction.
The injunction is the second major state-court loss for Polymarket in under a week, after the same Nevada judge granted a preliminary injunction days earlier, sharpening the conflict with CFTC preemption bids in Rhode Island and Minnesota.