Nevada Gaming Regulators Seek Injunction to Stop Coinbase 'Event Contracts'

Nevada gaming regulators seek injunction to stop Coinbase 'event contracts'

Coinbase is operating illegally in Nevada, offering wagers on sporting events through its mobile app without proper licensing, according to documents filed in court on Monday.

Nevada Files Civil Enforcement Action to Stop Coinbase From Offering Event Contracts

The Nevada Gaming Control Board filed a civil enforcement action seeking to stop Coinbase from offering certain event contracts in the state.

Coinbase faces Nevada lawsuit as states move against crypto prediction markets

The US-based crypto exchange Coinbase is facing new legal scrutiny from Nevada regulators, who argue it is providing illegal sports betting services. The case is adding to the pressure from state authorities, which say that crypto prediction markets resemble gambling, even though they are allowed at the federal level. Regulators say the company offered contracts linked to sports events that amount to illegal betting under Nevada law. The Gaming …

Nevada Sues Coinbase Over Unlicensed Wagering

The Nevada Gaming Control Board has taken a formal step into the evolving landscape of crypto-driven betting by filing a civil enforcement action against Coinbase Financial Markets over wagers on sports event contracts. The move follows Coinbase’s public rollout of prediction markets across all 50 states in partnership with Kalshi, a federal-regulated platform. Nevada regulators allege that Coinbase offered unlicensed wagers on sporting events, …

Nevada Authorities File Lawsuit against Coinbase over Unlicensed Wagering

Coinbase faces legal challenges after the Nevada Gaming Control Board requested a court block the platform from offering some of its recently launched prediction markets services.