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.
Another week, another altcoin claiming it's "different this time." But here's the thing about NEAR…
BEAT price just went vertical. Again. The token surged from roughly $0.54 to $1.44 in…
BSB price isn’t just pumping anymore but it’s steamrolling through derivatives markets while traders scramble…
XRP price is starting to flash signs of hesitation at a level traders have been…
Ethereum is facing growing bearish pressure as both technical indicators and derivatives data begin signaling…
While the broader crypto market, including Bitcoin & Ethereum, remains under pressure, a few altcoins…
