Nevada Judge Bars Polymarket Prediction Platform from Operating in the State

Las Vegas Review-Journal · 1w ago

A Nevada court has ruled that Polymarket — the blockchain-based prediction market that lets users trade on the outcomes of real-world events — cannot legally operate within the state, with the ruling framing its event contracts as unlicensed gambling products under Nevada law. The decision marks another flashpoint in a widening regulatory debate across the US over whether prediction markets fall under gambling or financial regulation, a distinction that affects everything from licensing requirements to federal oversight. Polymarket has not publicly announced whether it will appeal the Nevada ruling or seek a licence through the state's gaming control board.