"offers products referred to as event contracts for sale on its mobile app, which are made available to people in Nevada. The Board considers offering sports event contracts, or certain other event contracts, to constitute wagering activity under NRS 463.0193 and 463.01962 and, therefore, entities offering such event contracts must be licensed."
"The Board takes seriously its obligation to operate a thriving gaming industry and to protect Nevada citizens. The action taken yesterday reinforces this obligation,"
"Entities conducting gaming activities in the State of Nevada must pay taxes on gross gaming revenue derived from gaming activities accessible in the State,"
"Coinbase does not pay taxes on gross gaming revenue derived from gaming activities, including wagers, accessible in th"
Nevada Gaming Control Board filed an injunctive civil enforcement action in the District Court for Carson City against Coinbase, a CFTC‑regulated operator. The Board alleges Coinbase offers event contracts on its mobile app that are accessible to people in Nevada and considers those products to constitute wagering under NRS 463.0193 and 463.01962, requiring licensing. The complaint alleges Coinbase is not paying required licensee fees or taxes on gross gaming revenue derived from gaming activities accessible in the State, including wagers. The filing was accompanied by a letter co-signed by Governor Lombardo’s office and NGCB leadership, asserting strict enforcement.
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