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Coinbase Sues Tri-State Governments for Prediction Market Regulation
According to TheBlock, Coinbase has filed lawsuits against the states of Michigan, Illinois, and Connecticut, arguing that prediction markets should be exclusively regulated by the Commodity Futures Trading Commission (CFTC) rather than state gaming regulators. The move comes on the heels of Coinbase's announcement of a partnership with the CFTC-regulated Kalshi platform, which plans to enter the prediction market space in January 2026. Paul Grewal, Coinbase's chief legal officer, said state int...
2025-12-19 05:42:11
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