COIN

Coinbase (COIN) sues Connecticut, Illinois and Michigan over prediction markets regulation

bakrmohamed097@gmail.com02 mins mins

Coinbase (COIN), the crypto exchange that plans to add prediction markets to its platform, is taking legal action in Connecticut, Illinois and Michigan over the states’ attempts to regulate those markets. The company filed lawsuits to “confirm what is clear,” Chief Legal Officer Paul Grewal wrote in a post on X on Friday: that prediction…

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Coinbase’s (COIN) Brian Armstrong Made Prediction Markets Look ‘Fun.’ Bill Ackman Made Them Look Real

bakrmohamed097@gmail.com03 mins mins

Brian Armstrong’s last-minute crypto shout-out turned a $4,000 prediction market into a punchline. With a few words, the Coinbase CEO made every bet on “Bitcoin,” “Ethereum,” and “Web3” pay out at once. It was a thin market, where the largest winner took home only $111, according to Poymarket Analytics. But if Armstrong’s impromptu word salad…

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