Coinbase faces legal action in Nevada over prediction markets

cryptonews16:30

Nevada’s Gaming Control Board has filed a civil enforcement action against Coinbase over wagers on sports event contracts. Summary Nevada regulators filed a civil enforcement action against ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase faces legal action in Nevada over prediction markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-04 16:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/coinbase-faces-legal-action-in-nevada-over-prediction-markets/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nevada’s Gaming Control Board has filed a civil enforcement action against Coinbase over wagers on sports event contracts.\n\n\nSummary\n\n\n\nNevada regulators filed a civil enforcement action against ...</p>\n\n<a href=\"https://crypto.news/coinbase-faces-legal-action-in-nevada-over-prediction-markets/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4551","symbol_name":"寇图资本持仓","start_time":0,"source_url":"https://crypto.news/coinbase-faces-legal-action-in-nevada-over-prediction-markets/","article_id":"2608469356","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/coinbase-faces-legal-action-in-nevada-over-prediction-markets/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2608469356","pubTimestamp":1770193810,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Nevada’s Gaming Control Board has filed a civil enforcement action against Coinbase over wagers on sports event contracts.Nevada regulators filed a civil enforcement action against Coinbase over alleged unlicensed sports wagering.Authorities are requesting a restraining order and an injunction to block Coinbase’s prediction markets in the state.According to a Feb. 3 press release from the board, Coinbase, through its prediction market products, may be offering unlicensed wagers on sporting events. Entities offering such contracts “must be licensed,” the board said.“The Board has deemed Coinbase’s operations to be unlawful in Nevada,” the release said.Authorities have filed a civil enforcement action in the District Court for Carson City against Coinbase and have requested the court to issue a temporary restraining order and a preliminary injunction to stop Coinbase from offering unlicensed wagering.“The Board takes seriously its obligation to operate a thriving gaming industry and to p","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4551":"寇图资本持仓","BK4539":"次新股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4554":"元宇宙及AR概念","COYY":"GRANITESHARES YIELDBOOST COIN ETF","BK4585":"ETF&股票定投概念","CONI":"2倍做空COIN ETF-GraniteShares","CONL":"2倍做多COIN ETF-GraniteShares","COIA":"ProShares Ultra Coin ETF","CONX":"Direxion Daily COIN Bull 2X ETF","COIG":"2倍做多COIN ETF- Leverage Shares","BK4516":"特朗普概念","CONY":"COIN期权收益策略ETF-YieldMax","BK4535":"淡马锡持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861217088.USD":"贝莱德金融科技A2","BK4596":"哈里斯概念","FIAT":"做空COIN期权收益策略ETF-YieldMax","COIO":"2倍上限加速COIN ETF-Leverage Shares","COIN":"Coinbase Global, Inc.","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4600":"加密货币概念","BK4588":"碎股","BK4112":"金融交易所和数据","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","COIW":"COIN周配息ETF-Roundhill","BK4595":"比特币概念"},"translate_title":"Coinbase因预测市场在内华达州面临法律诉讼","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIW":0.6,"COIG":0.6,"COYY":0.6,"CONY":0.6,"FIAT":0.6,"CONX":0.6,"CONI":0.6,"COIO":0.6,"COIN":1.95,"COIA":0.6,"CONL":0.6},"content_text":"Nevada’s Gaming Control Board has filed a civil enforcement action against Coinbase over wagers on sports event contracts.\n\n\nSummary\n\n\n\nNevada regulators filed a civil enforcement action against Coinbase over alleged unlicensed sports wagering.\nAuthorities are requesting a restraining order and an injunction to block Coinbase’s prediction markets in the state.\n\n\n\nAccording to a Feb. 3 press release from the board, Coinbase, through its prediction market products, may be offering unlicensed wagers on sporting events. Entities offering such contracts “must be licensed,” the board said.\n“The Board has deemed Coinbase’s operations to be unlawful in Nevada,” the release said.\nAuthorities have filed a civil enforcement action in the District Court for Carson City against Coinbase and have requested the court to issue a temporary restraining order and a preliminary injunction to stop Coinbase from offering unlicensed wagering.\n“The Board takes seriously its obligation to operate a thriving gaming industry and to protect Nevada citizens. The action taken yesterday reinforces this obligation,” said Mike Dreitzer, Chairman of the Nevada Gaming Control Board.\nCoinbase began offering prediction markets last month across 50 U.S. states via a partnership with Kalshi. Users are able to trade yes or no contracts on real-world outcomes directly within the Coinbase app.\nPredictions markets face legal scrutiny\nKalshi has received regulatory clearance from the U.S. Commodity Futures Trading Commission. While the CFTC oversees Kalshi at the federal level, the platform has still faced legal challenges from state-level authorities over the classification of its event contracts.\nNevada filed a lawsuit against Kalshi last year, and the legal battle has since dragged on through multiple phases. Kalshi is also embroiled in a number of lawsuits across a number of other states, including Connecticut, California, and New York, among others.\nLast week, authorities in the state targeted a Polymarket operator with a temporary restraining order granted by a Nevada court.\nCoinbase sued three U.S. states on Dec. 19 as it argues that prediction markets are regulated under federal authority. It filed lawsuits against Michigan, Illinois, and Connecticut just a day after it announced its prediction market offering.\nCoinbase argues that allowing individual states to enforce conflicting rules undermines national market consistency.\n\n\n\n\n\n                Read more:\n            \n\n                Epstein files show crypto ties to Coinbase, Blockstream: DOJ","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2608469356","isCrawlerRequest":true}