{"id":21272,"date":"2026-02-04T09:18:26","date_gmt":"2026-02-04T09:18:26","guid":{"rendered":"https:\/\/bitunikey.com\/news\/coinbase-faces-legal-action-in-nevada-over-prediction-markets\/"},"modified":"2026-02-04T09:18:32","modified_gmt":"2026-02-04T09:18:32","slug":"coinbase-faces-legal-action-in-nevada-over-prediction-markets","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/coinbase-faces-legal-action-in-nevada-over-prediction-markets\/","title":{"rendered":"Coinbase faces legal action in Nevada over prediction markets"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Nevada\u2019s Gaming Control Board has filed a civil enforcement action against Coinbase over wagers on sports event contracts.<\/p>\n<div id=\"cn-block-summary-block_0bf99d5f293451964223f2ba271750da\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Nevada regulators filed a civil enforcement action against Coinbase over alleged unlicensed sports wagering.<\/li>\n<li>Authorities are requesting a restraining order and an injunction to block Coinbase\u2019s prediction markets in the state.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to a Feb. 3 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.gaming.nv.gov\/siteassets\/content\/about\/press-release\/ngcb-files-civil-enforcement-action-against-coinbase-02.03.26.pdf\" target=\"_blank\" rel=\"nofollow\">press release<\/a> from the board, Coinbase, through its prediction market products, may be offering unlicensed wagers on sporting events. Entities offering such contracts \u201cmust be licensed,\u201d the board said.<\/p>\n<p>\u201cThe Board has deemed Coinbase\u2019s operations to be unlawful in Nevada,\u201d the release said.<\/p>\n<p>Authorities have <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.gaming.nv.gov\/siteassets\/content\/about\/press-release\/ngcb-vs-coinbase---complaint-02.02.26.pdf\" target=\"_blank\" rel=\"nofollow\">filed<\/a> 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.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>\u201cThe Board takes seriously its obligation to operate a thriving gaming industry and to protect Nevada citizens. The action taken yesterday reinforces this obligation,\u201d said Mike Dreitzer, Chairman of the Nevada Gaming Control Board.<\/p>\n<p>Coinbase 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.<\/p>\n<h1 class=\"wp-block-heading\">Predictions markets face legal scrutiny<\/h1>\n<p>Kalshi 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.<\/p>\n<p>Nevada 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.<\/p>\n<p>Last week, authorities in the state targeted a Polymarket operator with a temporary restraining order granted by a Nevada court.<\/p>\n<p>Coinbase 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.<\/p>\n<p>Coinbase argues that allowing individual states to enforce conflicting rules undermines national market consistency.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nevada\u2019s 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 Coinbase over alleged&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21272"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21272\/revisions"}],"predecessor-version":[{"id":21273,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21272\/revisions\/21273"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3946"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}