Nevada Takes Legal Action Against Coinbase Over Unlicensed Betting Market

TLDR The Nevada Gaming Control Board claims Coinbase operates unlicensed prediction markets for sports and elections. Regulators argue Coinbase’s prediction markets fall under state gaming laws, not federal CFTC jurisdiction. Nevada officials point out that Coinbase’s app allows users below the state’s legal gambling age of 21 to participate. Coinbase is involved in a broader [...]

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