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Polymarket faces temporary ban in Nevada over contract offerings
Polymarket received a two week Nevada ban as regulators raised compliance concerns over its prediction market contracts.
Prediction market platform Polymarket has been hit with a two week ban in Nevada for offering certain event based contracts, according to reports. State regulators flagged compliance concerns, prompting a temporary halt on operations in the region. The move highlights growing regulatory scrutiny of crypto linked betting and prediction platforms in the US. Polymarket said it is reviewing the order and engaging with authorities.