{"id":64358,"date":"2025-12-19T08:31:32","date_gmt":"2025-12-19T08:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=64358"},"modified":"2025-12-19T08:31:32","modified_gmt":"2025-12-19T08:31:32","slug":"coinbase-warns-of-immediate-and-irreparable-harm-as-it-sues-three-us-states-over-prediction-market-regulation","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=64358","title":{"rendered":"Coinbase Warns Of &#8216;Immediate And Irreparable&#8217; Harm As It Sues Three US States Over Prediction Market Regulation"},"content":{"rendered":"<div>\n<p><strong>Coinbase Global Inc.<\/strong> <a href=\"https:\/\/www.benzinga.com\/quote\/COIN\" target=\"_blank\" class=\"ticker-link\" data-ticker=\"COIN\" data-exchange=\"NASDAQ\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/COIN\">COIN<\/a>) has filed lawsuits against Michigan, Illinois, and Connecticut, challenging state authority over the regulation of prediction markets. <\/p>\n<p>The legal action, initiated on Thursday, seeks to establish that the <strong>Commodity Futures Trading Commission<\/strong> (CFTC) is the sole regulator of these markets, not individual state gaming regulators. The company argued in its court filing in Illinois that state intervention could cause \u201cimmediate and irreparable\u201d harm to its operations.<\/p>\n<p>In a post on X, Coinbase\u2019s Chief Legal Officer, <strong>Paul Grewal,<\/strong> said: \u201cToday, Coinbase filed lawsuits in CT, MI, and IL to confirm what is clear: prediction markets fall squarely under the jurisdiction of the CFTC, not any individual state gaming regulator (let alone 50).\u201d <\/p>\n<p>\u201cState efforts to control or outright block these markets stifle innovation and violate &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/25\/12\/49499753\/coinbase-warns-of-immediate-and-irreparable-harm-as-it-sues-three-us-states-over-prediction-market-regulat?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Coinbase\" warns of and irreparable harm as it sues three us states over prediction market regulation>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase Global Inc. (NASDAQ:COIN) has filed lawsuits against Michigan, Illinois, and Connecticut, challenging state authority over the regulation of prediction markets. The legal action, initiated on Thursday, seeks to establish that the Commodity Futures Trading Commission (CFTC) is the sole regulator of these markets, not individual state gaming regulators. The company argued in its court [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-64358","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/64358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64358"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/64358\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}