Nevada Gaming Control Board says Crypto.com will halt sports contracts from 3 November
The Nevada Gaming Control Board said Crypto.com agreed to stop offering sports event contracts to Nevada residents after 3 November, pending resolution of its appeal. The agreement follows a federal judge's 14 October denial of Crypto.com's request for a preliminary injunction; the company intends to appeal. The Board says event contracts constitute wagering under state law and require the relevant gaming licence and sports-pool approval.
Nevada licensees and their partners face potential discipline for event-contract activity that breaches state wagering rules.