Home
News
Details

Coinbase Sues Michigan, Illinois, and Connecticut Over Predictive Market Regulation

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
Coinbase has sued Michigan, Illinois, and Connecticut over predictive market regulation, seeking to block state gambling authorities from overseeing the space. The firm claims exclusive CFTC jurisdiction is required to avoid harm and ensure compliance with federal law. The move follows Coinbase’s partnership with Kalshi, a CFTC-regulated platform, to enter the sector. The case could impact liquidity and crypto markets by clarifying regulatory boundaries. Coinbase also cited Countering the Financing of Terrorism as a key reason for federal oversight.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.