Nevada court denies request to halt Coinbase prediction market

A Nevada court has denied a request from state regulators to immediately halt Coinbase's sports prediction market service, Cointelegraph reported. According to Coinbase Chief Legal Officer Paul Grewal, the court will hold a formal hearing next week to hear the company's arguments. The Nevada Gaming Control Board (NGCB) had previously requested a temporary and preliminary injunction from the court, alleging that Coinbase was offering bets on sports event contracts without a license.