Coinbase Sues States Over Prediction Market Regulation
Update: 2025-12-19
Description
Coinbase Global Incorporated, a leading cryptocurrency exchange, is suing Michigan, Illinois, and Connecticut over their attempts to regulate prediction markets. Coinbase, which recently entered this market through a partnership with Kalshi, argues that states lack authority and are interfering with federal jurisdiction. The company seeks court orders confirming CFTCs exclusive jurisdiction over prediction markets, a matter that could potentially reach the Supreme Court.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
