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Coinbase borrows Kalshi’s playbook, sues three states over prediction markets

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Dec 19, 2025 - 00:15
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Coinbase borrows Kalshi’s playbook, sues three states over prediction markets

Coinbase borrows Kalshi’s playbook, sues three states over prediction markets

Coinbase sued regulators in Connecticut, Illinois and Michigan, arguing CFTC-regulated prediction markets fall under federal commodities law, not state gambling rules.

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