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)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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)