Coinbase Pauses Sports Prediction Markets in Michigan

Michigan sports-contract access narrows

Coinbase has suspended new sports event contracts for customers in Michigan under an agreement with a gaming regulator in the state, according to Action Network.

The move makes Coinbase the third platform to halt those offerings in Michigan, following Kalshi and Robinhood. It extends the sequence of platform restrictions affecting sports prediction-market access there.

The reported restriction concerns new sports contracts. The supplied material does not explain how existing positions will be handled or whether other categories of event contracts are affected.

No timetable for restoring access or further terms of the regulatory agreement were provided. Those gaps limit what can be concluded about the duration and broader scope of the pause.

What it means for prediction markets

• Access is the immediate issue: Michigan customers can no longer enter new sports event contracts through Coinbase under the reported agreement.
• The development spans multiple platforms: Coinbase joins Kalshi and Robinhood, making this more than an isolated platform change.
• Scope remains important: The available information does not establish how outstanding contracts will settle, when access might resume or whether the pause extends beyond sports.