The Nevada Gaming Control Board (NGCB) on Thursday approved a two-year operating license for the state’s first peer-to-peer sportsbook.

ZenSports, a West Hollywood, Calif., startup company, will be allowed to operate its sportsbook at Big Wheel Casino in Reno and The Book at Baldini in Sparks. People who use the service exchange cash for “Zen Tokens,” which can then be bet against other users rather than a traditional casino house.

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