"The Polymarket and Nevada saga remains to be ongoing, as a judge has denied Nevada's request for a temporary restraining order (TRO) which marks a small win for the prediction market. This refers to the request for an ex parte temporary restraining order, with the docket also suggesting a hearing on the state's motion for the preliminary injunction has been set. If the docket is correct, the hearing will be held on February 19 and it contains a similar posture to the Massachusetts lawsuit versus Kalshi."
"In the filing, it states: "The BOARD seeks to restrain and enjoin POLYMARKET and any of its agents, employees, officers, or affiliates from operating a derivatives exchange and prediction market ("market") that offers event-based contracts relating to sporting and other events to people...""
"It was just days prior to this that the Nevada Gaming Control Board published a press release which clearly stated: "Polymarket operates a derivatives exchange and prediction market where it offers event contracts for sale. These products are offered for sale on Polymarket's mobile app and are made available to peop"
A Nevada state court judge denied Nevada's request for an ex parte temporary restraining order (TRO) against Polymarket. A hearing on the state's motion for a preliminary injunction appears scheduled for February 19. If the state prevails at the hearing, Polymarket could be required to geofence its platform statewide. The state's filing seeks to restrain and enjoin Polymarket and affiliates from operating a derivatives exchange and prediction market offering event-based contracts relating to sporting and other events. The Nevada Gaming Control Board issued a press release asserting that Polymarket offers event contracts via its mobile app. The state renewed its request for an ex parte TRO.
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