Coinbase stock slides nearly 8% as Nevada targets its prediction-market contracts
Coinbase shares fell 7.9% to $165.42 after Nevada’s gaming regulator filed a civil enforcement action to block the sale of certain event contracts, alleging unlicensed wagering. Bitcoin dropped 2.7% and ether 4.1%, adding pressure to crypto-linked stocks. Traders are watching for court decisions and Coinbase’s Feb. 12 earnings report.