Operator v. state
Coinbase Financial Markets, Inc. v. Ford
U.S. District Court for the District of Nevada, 2:26-cv-00256
Dismissed
Judge Cristina D. Silva denied the emergency TRO/PI motion and dismissed the complaint without prejudice on Feb. 7, 2026, abstaining under Younger and citing the Anti-Injunction Act in deference to the pending state enforcement case.
The question
Whether the Commodity Exchange Act preempts Nevada gambling or sports-wagering law as applied to event contracts listed on a CFTC-designated contract market.
Coinbase sought emergency relief as Nevada regulators pursued an ex parte motion against it in state court. The federal court ordered expedited briefing on mootness and abstention, then denied relief and dismissed the case three days after filing.
Docket timeline
Motion denied and complaint dismissed.
Source: dockets.justia.com
Complaint and emergency TRO/PI motion filed.
Source: dockets.justia.com