Home
News
Details

Coinbase Sues Three U.S. States Over Prediction Market Regulation

iconOdaily
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
Coinbase has sued Michigan, Illinois, and Connecticut over state-level rules targeting prediction markets, arguing these products are CFTC-regulated derivatives, not gambling. The exchange warns that fragmented regulation could harm liquidity and crypto markets. State regulators counter that the products pose consumer risks and may complicate efforts related to Countering the Financing of Terrorism. The case could shape how prediction markets are supervised nationwide.
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.