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Nevada Gaming Control Board asks court to block Polymarket sports contracts

Enforcement & compliance

Nevada’s Gaming Control Board filed a civil enforcement action against Blockratize, which operates as Polymarket, on 16 January. The board seeks a court declaration and injunction, arguing that the platform’s sports event contracts constitute unlicensed wagering under state law; Polymarket does not hold a Nevada gaming licence, according to the board.

The case could affect whether prediction-market operators can offer sports event contracts to Nevada residents.

Earlier fines and penalties by NGCB

DateCompanyAmountStoryAppeal status
Not namedNot statedNevada gaming board recommends lifetime casino ban for Mathew BowyerNot stated
Not namedNot statedNevada Gaming Control Board nominates Mathew Bowyer for exclusion listNot stated
Resorts World Las VegasUSD 10,500,000Nevada board recommends Resorts World director’s licensure and Bowyer banNot stated
Not namedNot statedNevada gaming board nominates Wayne Nix for Black Book listingNot stated
Caesars EntertainmentUSD 7,800,000Nevada Gaming Commission approves $7.8 million Caesars settlementNot stated

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Regulation

CFTC asks New Mexico court to block state gambling laws for Kalshi contracts

The Commodity Futures Trading Commission filed in a New Mexico court, arguing that federal commodities law gives it exclusive jurisdiction over Kalshi’s event contracts. The CFTC asked the court to find state gambling laws unenforceable as applied to transactions on CFTC-regulated markets; New Mexico officials allege that Kalshi offers illegal sports betting and should hold state gaming licences.

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