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Nevada court bars Coinbase from offering wagering in the state

Regulation

A Nevada state court issued a preliminary injunction barring Coinbase from offering sports, election and entertainment wagering in the state, according to reports. Judge Kristin Luis gave Coinbase 60 days to make technological changes to comply; the ruling said federal law does not pre-empt Nevada gaming laws in this case.

Coinbase must change its technology to comply with Nevada gaming laws or stop offering the covered wagering in the state.

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Regulation

Illinois court bars state gambling rules for Kalshi

A federal district court in Illinois has barred the state from applying its gambling regulations to Kalshi. The court held that the CFTC, rather than state regulators, oversees prediction markets, though the nationwide dispute over sports event contracts remains unresolved. Kalshi chief executive Tarek Mansour has warned operators could move offshore if states prevail.

A federal district court in Illinois has barred the state from applying its gambling regulations to Kalshi. Judge Martha Pacold ruled that the Commodity Futures Trading Commission (CFTC), rather than state regulators, oversees prediction markets, the report said. The decision does not settle the nationwide dispute over sports event contracts.

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