On June 3, 2025, Crypto.com’s derivatives division filed a lawsuit against the Nevada Gaming Control Board (NGCB) in the U.S. District Court for Nevada. The complaint centers on the regulator’s decision to block the company from offering derivative contracts tied to sporting events. According to Crypto.com, the NGCB’s actions were based on a “mistaken premise” that these financial products, traded on the federally regulated North American Derivatives Exchange, fall under Nevada’s gaming laws https://news.worldcasinodirectory.com/federal-judge-sides-with-kalshi-in-nevada-prediction-market-dispute-117930. The company argues that the Commodity Futures Trading Commission (CFTC) holds exclusive jurisdiction over such derivatives under the Commodity Exchange Act, a position supported by recent federal court decisions. Crypto.com, which operates its North American derivatives business under North American Derivatives Exchange, claims that the NGCB does not have the authority to regulate its products. The lawsuit contends that the CFTC’s regulation of the national derivatives market preempts state gaming regulations, making Nevada’s actions unlawful. Crypto.com’s… Read More
Category: News
Source: Casino News Daily
