Nevada Regulator Files Civil Enforcement Against Polymarket [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
received approval to relaunch in the U.S. last year, was never included. That changed last week when Nevada regulators acted on Friday. The Nevada Gaming Control Board sued Blockratize Inc., the entity behind Polymarket. The regulator argued that sports event contracts constitute wagering under Nevada law and require licensure. The action followed recent legal developments involving Kalshi. The Nevada Gaming Control Board filed a civil enforcement action in Carson City District Court against Blockratize Inc., the corporate entity behind Polymarket. It seeks an order to stop the offering of what the regulator described as unlicensed wagering in the state. The regulator stated that sports event contracts and certain other event-based contracts fall within Nevada's definition of wagering and therefore require licensure. It emphasized that gaming activity is closely regulated due to its economic significance to the state and its connection to public welfare considerations. L
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Sec Filings
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- 12/11/25 - Form 4
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