I was a little surprised at how casually CB just said, "yeah, we're taking sports bets now." Just felt like it came from nowhere (probably because I wasn't paying attention).

StillStackinAfterAllTheseYears

Gaming authorities seek injunction to halt platform’s prediction markets on sporting events.

The Nevada Gaming Control Board has initiated civil action against Coinbase Financial Markets for offering betting on sporting events without the necessary licenses. The 

 was filed Monday at the First Judicial District Court of the State of Nevada in Carson City.

Authorities have asked the court to grant a temporary restraining order and preliminary injunction to prevent Coinbase from “operating a derivatives exchange and prediction market” related to sports betting. The legal action comes less than a week after Coinbase announced the launch of prediction markets in all 50 U.S. states through a partnership with Kalshi.

“The Board takes seriously its obligation to operate a thriving gaming industry and protect Nevada citizens,” said Mike Dreitzer, chairman of the Nevada Gaming Control Board. “The action taken yesterday reinforces this obligation,” he added in a Tuesday 

Politics_And_Law

> **Gaming authorities seek injunction to halt platform’s prediction markets on sporting events.**
>
> The Nevada Gaming Control Board has initiated civil action against Coinbase Financial Markets for offering betting on sporting events without the necessary licenses. The [lawsuit](https://www.gaming.nv.gov/siteassets/content/about/press-release/ngcb-vs-coinbase---complaint-02.02.26.pdf) was filed Monday at the First Judicial District Court of the State of Nevada in Carson City.
>
> Authorities have asked the court to grant a temporary restraining order and preliminary injunction to prevent Coinbase from “operating a derivatives exchange and prediction market” related to sports betting. The legal action comes less than a week after Coinbase announced the launch of prediction markets in all 50 U.S. states through a partnership with Kalshi.
>
> “The Board takes seriously its obligation to operate a thriving gaming industry and protect Nevada citizens,” said Mike Dreitzer, chairman of the Nevada Gaming Control Board. “The action taken yesterday reinforces this obligation,” he added in a Tuesday [statement](https://www.gaming.nv.gov/siteassets/content/about/press-release/ngcb-files-civil-enforcement-action-against-coinbase-02.03.26.pdf).
>
> [**...read more at atlas21.com**](https://atlas21.com/nevada-legal-action-against-coinbase-for-unlicensed-betting/)