The Nevada Athletic Commission provided a brief update Tuesday into the ongoing investigation surrounding former UFC featherweight Isaac Dulgarian. Despite the case being one of the UFC’s most concerning betting-related controversies in recent years, plenty of questions remain unanswered.

For the second consecutive month, Dulgarian was on the NAC’s meeting agenda under the designation of “conduct deemed by the commission to reflect discredit to unarmed combat.” As was the case during the commission’s November meeting, no findings were publicly disclosed and no disciplinary action was taken on Tuesday. Instead, the commission ruled that Dulgarian remains suspended while the investigation continues.

Dulgarian, 29, has been under scrutiny since his first-round submission loss to Yadier del Valle on Nov. 1 at UFC Vegas 110. In the hours leading up to the bout, regulators and sportsbooks detected suspicious betting activity, including sharp line movement and unusually large wagers placed on del Valle, who entered the fight as a significant underdog. Dulgarian was released from the UFC days after the loss.

Through his lawyer, Dulgarian commented on the allegations and controversy for the first time Tuesday with a written statement, read by attorney James Hobbs:

"As you know, it has been alleged in correspondence with the state of Nevada Athletic Commission that there are grounds deemed by the commission supporting the temporary suspension of our client, Isaac Dulgarian. While Mr. Dulgarian denies any claims of conduct that can discredit in the field of unarmed combat, he consents to another extension of the temporary suspension."

Following the fight, UFC CEO Dana White said the FBI opened an investigation into the betting irregularities. To date, the FBI has neither publicly acknowledged nor commented on the status of that investigation.

Dulgarian’s longtime coach Marc Montoya also addressed the situation on Uncrowned's "The Ariel Helwani Show" in early November, insisting he had no knowledge of any misconduct and confirming that Dulgarian is no longer training at Montoya's Factory X gym. Dulgarian also previously trained at Glory MMA & Fitness, a gym that was at the center of a major UFC betting scandal in 2023.

That case involved allegations that insider information regarding an injury to fighter Darrick Minner was exploited by bettors connected to former UFC fighter and coach James Krause. Minner and teammate Jeff Molina were suspended as a result, while the broader investigation into Krause’s role has never been publicly resolved.

The NAC’s next opportunity to address Dulgarian’s case will come Jan. 20 at its first meeting of 2026.