Nevada Takes Legal Action Against Coinbase for Unlicensed Betting

Nevada regulators are suing Coinbase for allegedly offering unlicensed sports betting services, following the platform's launch of prediction markets nationwide.

Nevada's regulatory authorities have initiated a lawsuit against Coinbase, accusing the cryptocurrency exchange of operating unlicensed sports wagering services. This legal action comes in the wake of Coinbase's recent announcement regarding the establishment of prediction markets across all 50 states in the United States.