Nevada files motion for TRO and preliminary injunction against Polymarket
The battle against state gaming commissions and prediction markets wages on, as Nevada gaming regulators have filed a motion for a temporary restraining order (TRO) and preliminary injunction against Polymarket.
In the filing, it states: “The BOARD seeks to restrain and enjoin POLYMARKET and any of its agents, employees, officers, or affiliates from operating a derivatives exchange and prediction market (“market”) that offers event-based contracts relating to sporting and other events to people…”
NEW: Nevada files motion for TRO and preliminary injunction against Polymarket, seeks order enjoining Polymarket and its agents and affiliates from offering event-based contracts relating to sporting and other events to persons located in NV without obtaining required licensure. pic.twitter.com/TRUktTLbBw
— Daniel Wallach (@WALLACHLEGAL) January 21, 2026
In a press release by the Nevada Gaming Control Board, published earlier, on January 16, they state that “Polymarket operates a derivatives exchange and prediction market where it 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.”
They also continue to allege they believe Polymarket’s operations to be unlawful in the state of Nevada. In their statement, they express how the “gaming industry is vitally important to the economy of the state and the general welfare of the inhabitants and therefore must be licensed, controlled, and assisted to protect the public health, safety, morals, good order, and general welfare of the inhabitants of the State.”
Prediction markets continue to face obstacles in several states
Several states have been taking aim at prediction markets, with these still being relatively new to the industry. Just last week, Tennessee sent three cease-and-desist letters to Kalshi, Polymarket, and Crypto.com and they demanded an immediate end to operations.
Back in Nevada, they have previously taken similar actions against DraftKings and Flutter’s prediction markets as they stripped them of their licenses. In Massachusetts, an injunction has recently been granted against the prediction market Kalshi.
The future of the industry may soon start to see changes too, as the Commodity Futures Trading Commission (CFTC) Chairman Mike Selig has announced a review and modernization of financial market regulation, including embracing prediction markets.
Featured Image: Via Famartin on Wikimedia Commons, CC 4.0
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