Coinbase Global Inc. sued Michigan, Illinois, and Connecticut, challenging their attempts to regulate prediction markets as gambling. The crypto giant argues that only the CFTC has exclusive jurisdiction over these event contracts. This comes after Coinbase partnered with Kalshi to join the $27.9 billion market on elections, sports, and economy. Chief Legal Officer Paul Grewal noted that states have targeted Kalshi, Robinhood, and others, seeking court blocks on the grounds of interference.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Bitcoin Cash, a cryptocurrency that is a fork of Bitcoin, has seen a sharp rise…
Binance has announced it will delist nine altcoins, $BUZZ, $DARK, $FROG, $GORK, $MIRAI, $PERRY, $RFC,…
A solo Bitcoin miner scored a huge win by mining block 928351 after renting under…
Crypto asset manager Bitwise has officially filed a Form S-1 with the U.S. Securities and…
Story Highlights The Live Price Of Bitcoin SV BSV has traded under the 200-day EMA…
Story Highlights The live price of The Graph crypto is . Price predictions for 2026…
