TechFlow News: On February 3, according to CoinTelegraph, a Nevada court issued a 14-day temporary injunction against the on-chain prediction market Polymarket, prohibiting it from offering event-based contracts in the state. The court ruled that Polymarket’s sports and other event markets constitute unlicensed gambling rather than regulated financial products, and rejected the platform operator Blockratize’s argument that the Commodity Exchange Act grants the CFTC exclusive jurisdiction.
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