In a Nevada courtroom that smells faintly of old wood and resignation, a two-week temporary restraining order lands upon Blockratize, the operator of Polymarket. He is forbidden to offer sports and event contracts to residents, because, as the court gently suggests, such diversions probably violate Nevada’s gambling laws. The judge, listening with the calm patience of a man who has heard every possible complaint about fate, sided with the Nevada Gaming Control Board’s civil accusation that Polymarket has been operating without a state gaming license, and that the federal Commodity Exchange Act does not grant the CFTC exclusive dominion over these contracts. A neat little quarrel, really, between the ledger and the law, with the internet as background noise.
If this edict holds, Polymarket and its ilk may have to procure state licenses or retire their markets altogether. The spectacle becomes, in Chekhov’s sense, a useful reminder that even the cleverest online wagers must appear before the bureaucratic mirror wearing the right paperwork-no matter how elegantly one can pretend to predict the weather. And one cannot help but smile at the irony: in an age of instant forecasts, the slow clacking of licenses still governs whether a bet is allowed to breathe in the daylight or hides behind a velvet rope.
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2026-02-02 11:56