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Florence Muchai

Coinbase sues three states over prediction markets, cites CFTC jurisdiction

Coinbase filed lawsuits against Michigan, Illinois, and Connecticut, alleging the states are improperly policing prediction markets that it says fall under CFTC authority. A Thursday filing in the Northern District of Illinois seeks declaratory and injunctive relief, and the exchange plans U.S. event‑contract trading from January 2026.
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