Crypto.com stops offering sports contracts in eight US states
Crypto.com is not offering sports event contracts in Arizona, Michigan, Maryland, Massachusetts, Illinois, New Jersey, Nevada or Ohio, a company spokesperson confirmed. Several of the states have challenged prediction-market products as gambling requiring a sports wagering licence; Nevada denied Crypto.com a preliminary injunction against the NGCB in October, and the company then stopped offering contracts there.
The withdrawals show how state-level legal challenges are affecting Crypto.com’s availability of sports event contracts.