The Nevada Gaming Control Board has filed a civil enforcement action in the District Court for Carson City against Blockratize, owner of prediction markets provider Polymarket.
In its complaint, the Board asked the court for a declaration and injunction to stop Polymarket from offering unlicensed wagering in violation of Nevada law.
Polymarket operates a derivatives exchange and prediction market where the company offers event contracts for sale. These products are offered for sale on Polymarket’s mobile app and are made available to people in Nevada.
“The Board considers offering sports event contracts, or certain other events contracts, to constitute wagering activity under NRS 463.0193 and 463.01962 and, therefore, entities offering such event contracts must be licensed,” said the regulator.
The Board has deemed Polymarket’s operations to be unlawful in Nevada and in violation of NRS 463.160, NRS 463.350, NRS 465.086, and NRS 465.092.
Last November, the District Court in Nevada dissolved its previous injunction which enabled Kalshi to continue to offer sports event contracts in the state.
US District Judge Andrew P. Gordon issued separate orders dissolving Kalshi’s preliminary injunction and denying Robinhood’s motion for a temporary restraining order against the NGCB.