Nevada Court Hits Polymarket with Temporary Restraining Order
5 Articles
5 Articles
Nevada Court Issues TRO Against Polymarket, Challenging Federal Oversight Argument
A state judge from Nevada has blocked prediction market Polymarket from temporarily offering event contracts in the state, rejecting the industry argument that only the Commodity Futures Trading Commission (CFTC) has the authority to regulate such markets. The decision goes against the industry’s position that federal commodities law overrides state gambling regulations. Regulatory Clash The Nevada Gaming Control Board took Polymarket operator B…
Nevada Court Blocks Polymarket, Raising New Risks for US Users
On Polymarket, there are thousands, if not tens of thousands, of events you can bet on. Heck, you can even create an event right now: betting on yourself to be president of any country. It is a prediction market, and right now, it is all the rage, with action taking place on Polygon, the Ethereum sidechain. While gambling is technically legal in the US, it depends on what you are betting on and in which state. Each state, for example, California…
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