The Nevada Gaming Management Board (NGCB) has filed a civil enforcement motion towards cryptocurrency trade Coinbase to limit what the regulator calls unlicensed wagering in violation of state regulation.
The injunctive motion was filed within the District Court docket for Carson Metropolis towards the Commodity Futures Buying and selling Fee (CFTC) regulated operator, reinforcing NGBC’s zero tolerance for federally regulated markets.
Coinbase is the newest operator to face NGCB
The letter, from the workplace of Governor Joe Lombardo, can be co-signed by present rating members Mike Dreitzer, Chair of the NGCB; Decide George Assad (Ret); and Chandeni Okay. Sendall.
“Nevada Gaming Management Board Information Civil Enforcement Motion Towards Coinbase”
Press launch from NGCB: pic.twitter.com/mSSN6NlOZO
— Daniel Wallach (@WALLACHLEGAL) February 3, 2026
A key a part of the NGBC’s pursuit of Coinbase is expounded to the regulator’s notion that the corporate “affords merchandise known as occasion contracts on the market on its cell app, that are made obtainable to folks in Nevada. The Board considers providing sports activities occasion contracts, or sure different occasion contracts, to represent wagering exercise beneath NRS 463.0193 and 463.01962 and, subsequently, entities providing such occasion contracts have to be licensed.”
NGCB takes infractions significantly, says Chair
“The Board takes significantly its obligation to function a thriving gaming trade and to guard Nevada residents. The motion taken yesterday reinforces this obligation,” stated Chairman Dreitzer.
Within the legal docket revealed on the Nevada authorities web site, the NGCB’s case is evident: Coinbase just isn’t paying the required licensee payment.
“Entities conducting gaming actions within the State of Nevada should pay taxes on gross gaming income derived from gaming actions accessible within the State,” stated Criticism 5. “Coinbase doesn’t pay taxes on gross gaming income derived from gaming actions, together with wagers, accessible within the State of Nevada.”
As we reported, Nevada has proved to be a decisive proving floor for prediction markets and the argument over federal and state-level oversight.
BREAKING: Nevada state court docket points non permanent restraining order towards Polymarket over providing of occasion contracts, says that the CEA doesn’t vest unique jurisdiction within the CFTC. TRO will stay in impact for 14 days; listening to on the PI movement scheduled for two/11. pic.twitter.com/p1tRk38EMD
— Daniel Wallach (@WALLACHLEGAL) January 30, 2026
Polymarket not too long ago confronted a ruling by Decide Jason Woodbury, who ordered the corporate to be temporarily excluded from state contracts. The NGBC’s argument on this case was that Polymarket’s means to supply occasion contracts violated the identical gaming regulation.
Featured picture: Coinbase / Canva
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