[Nevada Court Issues Temporary Restraining Order Against Polymarket, Testing CFTC's Regulatory Authority] According to Cointelegraph, a Nevada court has issued a 14-day temporary restraining order against Blockratize, the operator of the prediction market platform Polymarket, requiring it to immediately cease offering event-based contract trading to residents of the state. The court determined in its order that the sports and other event market contracts provided by Polymarket constitute unlicensed gambling activities rather than regulated financial products. The judge noted that allowing the platform to continue operating without a gambling license would cause 'immediate' and 'irreparable' harm to Nevada's ability to regulate gambling integrity, prevent underage gambling, and enforce suitability standards. Consequently, the court rejected Blockratize's defense that the Commodity Exchange Act grants the U.S. Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over its event contracts, ruling that state-level gambling laws remain applicable.