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Coinbase CEO Advocates for CFTC Oversight of Prediction Markets

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Coinbase CEO Brian Armstrong said prediction markets should fall under CFTC oversight, not state laws, calling out Michigan, Illinois, and Connecticut for blocking tools that boost liquidity and crypto markets. Coinbase is suing those states over conflicting rules. Armstrong argued that restricting access to these platforms harms American competitiveness and Countering the Financing of Terrorism efforts.
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