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Nevada Gaming Control Board sues Polymarket over alleged unlicensed sports wagering

Enforcement & compliance

Nevada’s Gaming Control Board has filed a civil enforcement lawsuit against Polymarket in Carson City District Court, alleging the platform offered unlicensed sports wagering in the state. The board is seeking a declaration and an injunction to stop Polymarket’s sports event contracts in Nevada; the allegations have not been established by a court.

The case could test whether Nevada can apply state gambling laws to sports event contracts offered by prediction markets.

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Earlier fines and penalties by NGCB and Commodity Futures Trading Commission

DateCompanyAmountStoryAppeal status
PolymarketNot statedNevada Gaming Control Board asks court to block Polymarket sports contractsNot stated
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
PolymarketNot statedUkraine regulator orders Polymarket blocked over illegal gambling classificationNot stated

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Enforcement & compliance

Nevada Gaming Control Board seeks to block Coinbase sports contracts

Nevada’s Gaming Control Board filed a civil enforcement action against Coinbase Financial Markets on 2 February, seeking court orders to stop sports event contracts offered to state residents without a gaming licence. The Board argues that the contracts constitute wagering under Nevada law; Coinbase has argued in other state cases that federal regulators have exclusive jurisdiction over prediction markets.

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