Nevada regulator files enforcement action against Polymarket

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The Nevada Gaming Control Board—which regulates gaming in the state—said Friday it has sued Blockratize Inc., the corporate entity behind Polymarket. It’s seeking a court order barring the company from offering “unlicensed wagering” in the state.

A full copy of the suit was not immediately available, but the Nevada regulator issued a statement saying it has filed the “civil enforcement action” in the Carson City district court.

“The Board considers offering sports event contracts, or certain other event contracts, to

constitute wagering activity …” the gaming regulator said. It claims companies like Polymarket must be licensed to offer sports event contracts in Nevada, saying “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.”

The statement was first posted publicly by gaming attorney Dan Wallach. Polymarket did not respond to a request for comment.

The suit comes after the Nevada Gaming Control Board found some success in a separate lawsuit that Kalshi filed against it in federal court. There, in November, the judge reversed an earlier preliminary decision, ruling that the regulator can enforce its cease-and-desist order against Kalshi over the platform’s sports event contracts. Kalshi had sued the regulator last March after receiving a cease-and-desist. Kalshi has appealed that ruling to the Ninth Circuit, and the ruling allowing Nevada to force Kalshi to stop offering sports event contracts in the state has been paused while that appeal plays out.

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