Nevada News

A Nevada judge declined to grant regulators’ bid to halt Coinbase’s event contract markets, as the exchange presses a CFTC preemption argument in federal court.

The enforcement action over wagers on sports event contracts followed Coinbase announcing the launch of prediction markets in all 50 US states.

A Nevada judge has temporarily barred prediction market Polymarket from offering event contracts in the state, pushing back against claims that only the CFTC can police those markets.

Robinhood Derivatives has sued New Jersey and Nevada regulators to stop any potential regulatory action over its sports event contracts.

The crypto exchange claims it is fully regulated, and the CFTC has jurisdiction over its sports contracts, not the state of Nevada.

The announcement’s timing is noteworthy, with the 2024 US presidential race having finished a month prior.

Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not be permanently granted in an Aug. 22 hearing.

The CEO and other top executives are accused of a breach of fiduciary duties, unjust enrichment and wasting corporate assets.

The filing suggested Prime Trust had financial liabilities to its users totaling more than $82 million in fiat and $800,000 in crypto.

Nevada’s business regulator issued a cease and desist order to the crypto custodian, alleging it has a “shortfall of customer funds.”

The city of Reno, Nevada is developing its own DAO and NFT system on top of the Tezos blockchain network, Mayor Hillary Schieve said.

CEO Jeffrey Berns says the smart city could incorporate digital currency payments for goods and services as well as records on the blockchain.

It would seem that Mayor Hillary Schieve of Reno, Nevada is a supporter of Chainlink's blockchain oracle project.

Huobi Group is setting up a trust company in Nevada after closing down the U.S. subsidiary in 2019

A failed attempt to increase licensing obligations for Bitcoin ATMs earlier this year has returned to the spotlight.