Coinbase Sues 3 States Over Prediction Markets 🎰🔥
Prediction markets are increasingly shaping debates over financial innovation, market structure, and the boundaries between state and federal oversight. Coinbase Financial Markets Inc., a federally regulated derivatives intermediary affiliated with crypto exchange Coinbase (Nasdaq: COIN), filed a lawsuit on Dec. 18 seeking declaratory and injunctive relief to prevent officials from applying state gambling laws to federally regulated prediction markets and event contracts, asserting exclusive federal oversight.







