The post Coinbase Sues US States in Prediction Market Dispute appeared first on Coinpedia Fintech News
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 …
