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Coinbase Asks Judge To Bar Ill. Action Over Event Contracts

By Celeste Bott ( February 24, 2026, 7:20 PM EST) -- Coinbase urged an Illinois federal judge Tuesday to grant an injunction blocking the state's enforcement of its gaming laws against the company's sports-related event contracts offerings, arguing that effort "falls right in the heartland of preempted state laws" and that such transactions can only be regulated by the U.S. Commodity Futures Trading Commission....

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