State v. operator
Nevada Gaming Control Board v. Coinbase Financial Markets, Inc.
First Judicial District Court of Nevada, Carson City, 26 OC 00030 1B
Injunction granted
The Carson City court granted the Board a preliminary injunction in March 2026 that bars Coinbase from offering sports, election and entertainment event contracts in Nevada while the enforcement case proceeds.
The question
Whether the operator's event contracts are unlicensed gambling under Nevada law, or whether federal commodities law preempts the state's claims.
Nevada regulators sued Coinbase's derivatives entity in Carson City on Feb. 2, 2026 seeking a declaration and injunction against its event contracts. Coinbase's parallel federal suit was dismissed days later, and the state court then preliminarily enjoined Coinbase's sports, election and entertainment contracts in Nevada, rejecting its argument that the CFTC's jurisdiction is exclusive.
Docket timeline
Court grants the Board a preliminary injunction barring Coinbase from offering sports, election and entertainment event contracts in Nevada (exact date not confirmed).
Source: sbcamericas.com
Coinbase's parallel federal suit seeking to stop the state action is dismissed (D. Nev. No. 2:26-cv-00256).
Source: dockets.justia.com
Nevada Gaming Control Board files a civil enforcement action against Coinbase Financial Markets in the Carson City district court, seeking a declaration and injunction.
Source: gaming.nv.gov
Sources
- DeFi Rate legal tracker snapshot (Oct. 2026)
- Justia docket: Coinbase Financial Markets v. Ford, D. Nev. 2:26-cv-00256
- NGCB press release: civil enforcement action against Coinbase (2026-02-03)
- SBC Americas: Nevada regulator sues Coinbase (2026-02-04)
- NGCB enforcement litigation update (2026-06-01)
- SBC Americas: Nevada judge grants NGCB injunction against Polymarket, recaps Coinbase PI (2026-06-02)