Nevada Court Issues Restraining Order on Polymarket's Operations

A Nevada judge has imposed a temporary restraining order on Polymarket, challenging the CFTC's authority over prediction markets.

A judge in Nevada has enacted a temporary restraining order that prevents the prediction market platform Polymarket from providing event contracts within the state. This legal decision raises questions regarding the jurisdictional authority of the Commodity Futures Trading Commission (CFTC) over such markets.