📊 A Nevada state court has issued a two-week temporary restraining order against Blockratize, the entity behind Polymarket, prohibiting it from offering sports and event contracts to residents of the state. Judge Jason Woodbury, siding with the Nevada Gaming Control Board, ruled that the Commodity Exchange Act does not grant the Commodity Futures #Trading Commission #exclusive jurisdiction over Polymarket’s contracts. #regulation#crypto
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📊 A Nevada state court has issued a two-week temporary restraining order against Blockratize, the entity behind Polymarket, prohibiting it from offering sports and event contracts to residents of the state. Judge Jason Woodbury, siding with the Nevada Gaming Control Board, ruled that the Commodity Exchange Act does not grant the Commodity Futures #Trading Commission #exclusive jurisdiction over Polymarket’s contracts. #regulation#crypto