Coinbase Will Halt Michigan Sports Prediction Contracts by October 10
Image: BitcoinistCoinbase Financial Markets has agreed to stop offering new sports prediction contracts to Michigan customers and close all remaining open positions by October 10. Michigan regulators have agreed not to pursue enforcement action against Coinbase while it complies with the restrictions and related court appeals proceed. Coinbase is the third platform to halt such offerings in the state, following Robinhood and Kalshi. The wider legal conflict over whether states can regulate federally registered event contracts remains ongoing.
Key points
- Coinbase will stop new Michigan sports prediction contracts and close open positions by October 10.
- Michigan agreed not to enforce against Coinbase while it complies and related appeals continue.
- Coinbase is the third platform to halt such offerings in Michigan after Robinhood and Kalshi.
- The broader legal dispute over state regulation of federally registered event contracts is unresolved.
Why it matters
The halt limits Michigan users' access to sports prediction markets on Coinbase. The unresolved regulatory conflict creates ongoing compliance uncertainty for platforms offering event contracts across U.S. states.
Sources · 2 publishers
Bitcoin.com News
Tier 2
Coinbase Users in Michigan Will Lose Sports Markets This Weekend
Coverage timeline
- First reported by Bitcoinist
- Confirmed by Bitcoin.com News
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
