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Coinbase has filed a lawsuit against Connecticut, Illinois, and Michigan for attempting to regulate prediction markets under a "gambling regulation" framework. Coinbase Chief Legal Officer Paul Grewal stated that prediction markets should be regulated uniformly by the U.S. Commodity Futures Trading Commission (CFTC), rather than by state-level gambling regulators; Coinbase claims that state-level restrictions will "stifle innovation and be illegal." (CoinDesk)