Nevada federal judge orders Crypto.com to block sports markets in Nevada
A Nevada federal judge denied Crypto.com’s request for a preliminary injunction, requiring the company to comply with the Nevada Gaming Control Board’s order to stop offering sports markets in the state. The company said its event contracts were financial swaps, but the judge ruled they fell under Nevada gambling law; Crypto.com plans to appeal to the Ninth Circuit.
The ruling requires Crypto.com to restrict Nevada users’ access to its sports markets while its appeal proceeds.