🔔Nevada Gaming Regulatory Commission Accuses Coinbase of Offering Unlicensed Sports Betting According to a report by Cointelegraph, the Nevada Gaming Regulatory Commission has filed documents in the First Judicial District Court of Nevada accusing Coinbase Financial Markets of offering unlicensed sports betting. The Commission subsequently requested a temporary restraining order and a preliminary injunction to prohibit Coinbase from “operating a derivatives exchange and prediction market related to sports betting.” Nevada Gaming Regulatory Commission Chairman Mike Dreitzer stated in a statement, “The Commission is committed to its obligation to operate a thriving gaming industry and protect the citizens of Nevada. Yesterday’s action reaffirms that obligation.” Less than a week ago, Coinbase announced a partnership with Kalshi, launching prediction markets in all 50 states. While 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 those in Nevada.