A Nevada court issued a two-week restraining order against Polymarket.

Huoxun Finance reported on February 2nd that, according to Decrypt, a Nevada court issued a temporary restraining order prohibiting Blockratize, the entity behind Polymarket, from offering event-based contracts in the state for two weeks. The court held that the platform's activities may have violated Nevada gambling laws and were not protected by federal derivatives-specific regulations. Judge Woodbury ruled that the damage caused by circumventing Nevada's "comprehensive regulatory system" was "direct, irreparable, and cannot be adequately remedied by compensatory damages." This decision further increases regulatory pressure on prediction markets, following enforcement action in Tennessee and bans imposed by Portugal and Hungary.