Coinbase Sues Three States Over Prediction Market Regulation – Decrypt
In brief Coinbase sued Connecticut, Michigan, and Illinois, saying states cannot regulate prediction markets that fall under the CFTC’s exclusive authority. The lawsuits come ahead of Coinbase’s January 2026 launch of CFTC-regulated event contracts through Kalshi. Illinois has taken enforcement action against similar platforms, which Coinbase says creates an imminent risk of state intervention. Coinbase...
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