Coinbase to Halt Sports Prediction Contracts in Michigan by October 10
- —New sports contracts for Michigan customers end by October 10
- —Open customer positions must be closed by the same deadline
- —Michigan will not enforce while Coinbase complies with the deal
- —Coinbase's appeal after an August injunction denial remains pending
Why it matters: The dispute will shape whether states can regulate prediction markets, affecting Coinbase, Robinhood, Kalshi and Polymarket.
Source: Bitcoinist