Nevada judge blocks Polymarket from offering event contracts in state
A Nevada judge issued a preliminary injunction Wednesday, June 3, 2026, blocking Polymarket from offering event contracts in the state. The ruling came in favor of the Nevada Gaming Control Board and targets the crypto-native prediction market platform, which has operated without CFTC registration. The injunction marks the latest escalation in state-level legal pressure against prediction markets, with Nevada regulators moving aggressively against event-contract platforms. The panel pressed prediction markets on whether sports-event contracts constitute sports betting. The action comes alongside a broader legal landscape where Robinhood, Kalshi, Coinbase, and Crypto.com have also faced scrutiny; Crypto.com and Robinhood previously agreed to stop offering sports event contracts in Nevada in late 2025. A consolidated federal appeal involving Kalshi, Robinhood, and Crypto.com remains pending before the Ninth Circuit Court of Appeals.
Polymarket's lack of CFTC registration leaves it exposed to a patchwork of state injunctions rather than federal pre-emption. Any platform relying on the same unregistered structure now faces heightened risk of copycat state actions while the Ninth Circuit appeal drags on.