Huoxun Finance reported on February 4th that, according to Cointelegraph, the Nevada Gaming Regulatory Commission (GNRC) filed documents in the First Judicial District Court of Nevada, accusing Coinbase Financial Markets of offering unlicensed sports betting. The GNRC subsequently requested a temporary restraining order and a preliminary injunction to prohibit Coinbase from "operating a sports betting-related derivatives exchange and prediction market." GNRC Chairman Mike Dreitzer stated in a statement, "The GNRC is committed to fulfilling its obligation to operate a thriving gaming industry and protect Nevada citizens. Yesterday's action reaffirms that obligation." Less than a week ago, Coinbase announced a partnership with Kalshi, launching prediction markets in all 50 states. Although the Commodity Futures Trading Commission (CFTC) regulates the Kalshi platform at the federal level, the platform may still face legal action from state regulators, including the Nevada regulator.
The Nevada Gaming Regulatory Commission has accused Coinbase of offering unlicensed sports betting.
2026-02-04 02:30:02
Share
Disclaimer: This article is copyrighted by the original author and does not represent MyToken’s views and positions. If you have any questions regarding content or copyright, please contact us.(www.mytokencap.com)contact
About MyToken:https://www.mytokencap.com/en/aboutusArticle Link:https://www.mytokencap.com/en/choicenews/3008706.html