Coinbase (COIN) Stock: Exchange Sues Michigan, Illinois, Connecticut Over Prediction Market Rules

TLDR Coinbase filed lawsuits Thursday against Michigan, Illinois, and Connecticut challenging state regulation of prediction markets The exchange argues federal CFTC holds exclusive jurisdiction over prediction markets, not state gambling authorities Legal action follows Coinbase’s announcement to enter prediction markets through partnership with Kalshi Robinhood, Kalshi, and Crypto.com already face similar state-level legal challenges over [...]

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