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Coinbase pauses sports prediction markets in Michigan under state agreement

  • Coinbase pauses sports prediction markets in Michigan under state agreement — Coinbase has agreed to pause sports event contracts in Michigan, and Robinhood agreed to stop offering new sports contracts in the state and close remaining positions by October 9. The agreements follow a federal court decision in August denying Coinbase a preliminary injunction against Michigan enforcement, with related Sixth Circuit appeals still pending. (Action Network)

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