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Prediction markets exit three states as regulators tighten grip; Coinbase halts Michigan sports contracts
- Prediction markets exit three states as regulators tighten grip; Coinbase halts Michigan sports contracts — Prediction markets are retreating from three more U.S. states as regulators intensify pressure on sports event contracts, with Coinbase agreeing this week to halt new sports event contracts in Michigan according to Legal Sports Report. The pullbacks signal a hardening regulatory perimeter that federal CFTC registration alone cannot overcome, as state gaming and securities regulators assert jurisdiction state by state. (WeeBet)
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