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Coinbase Sues 3 States Over Event Contract Regulation

By Katryna Perera ( December 19, 2025, 7:23 PM EST) -- Illinois, Connecticut and Michigan have been sued by cryptocurrency exchange Coinbase over their attempts to regulate the trading platform's prediction market offerings, with the firm arguing that the states are trying to unlawfully apply their gambling laws to federally regulated transactions that are under the jurisdiction of the Commodity Futures Trading Commission....

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