PANews reported on February 3 that, according to Cointelegraph, a Nevada court has issued a 14-day temporary restraining order against Blockratize, the operator of the prediction market platform Polymarket, ordering it to immediately cease offering event-based contract trading to Nevada residents. The court ruled in the order that the sports and other event market contracts offered by Polymarket constitute unlicensed gambling, not regulated financial products. The judge stated that allowing the platform to continue operating without a gambling license would cause "immediate" and "irreparable" damage to Nevada's ability to regulate gambling integrity, prevent underage gambling, and enforce suitability standards. The court therefore rejected Blockratize's argument that the Commodity Exchange Act grants the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over its event contracts, ruling that state gambling laws remain applicable.