Nevada authorities file lawsuit against Coinbase over unlicensed wagering
Nevada authorities have filed a lawsuit against Coinbase, alleging that the cryptocurrency exchange operated an unlicensed sports betting platform. The lawsuit claims that Coinbase allowed users to place wagers on sporting events without the necessary state licenses. This legal action highlights ongoing regulatory scrutiny of cryptocurrency platforms and their compliance with state gambling laws. Coinbase has stated that it intends to contest the lawsuit, asserting that it has not engaged in any illegal activities. The outcome of this case could have significant implications for the intersection of cryptocurrency and gambling regulations in the U.S.
Read the full article: Coin Telegraph