Nevada Court Rejects Attempt to Block Coinbase's Prediction Markets

A Nevada judge has ruled against regulators seeking to stop Coinbase’s event contract markets, as the exchange counters with a CFTC preemption claim.

A judge in Nevada has denied a request from state regulators to intervene and shut down Coinbase's event contract markets. This decision comes as the cryptocurrency exchange asserts a preemption argument under the Commodity Futures Trading Commission (CFTC) in federal court.