Coinbase Overcomes Nevada Judge's Attempt to Block Prediction Markets

A Nevada court dismisses regulators' efforts to stop Coinbase's event contract markets, as the exchange pushes its CFTC preemption claim in federal court.

A Nevada judge has rejected the request from state regulators to cease the operation of Coinbase’s event contract markets. This decision comes as the cryptocurrency exchange is actively advocating a preemption argument before a federal court related to the Commodity Futures Trading Commission (CFTC).