Coinbase Will Halt Sports Prediction Contracts In Michigan After State Deal
Coinbase Financial Markets has agreed to stop offering new sports-related event contracts to Michigan customers by October 10 and close remaining open positions by the same deadline. Michigan agreed not to pursue enforcement while Coinbase complies, but the wider legal fight over whether states can regulate federally registered event contracts remains unresolved.
Key Takeaways
- Coinbase Financial Markets has agreed to stop offering new sports-related event contracts to Michigan customers by October 10 and close remaining open positions by the same deadline.
- Michigan agreed not to pursue enforcement while Coinbase complies, but the wider legal fight over whether states can regulate federally registered event contracts remains unresolved.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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