Feed / Enforcement & compliance
Coinbase agrees to suspend Michigan prediction markets under MGCB deal
By The Weekly Edge desk · · Updated
Summary
Coinbase agreed with the MGCB to suspend Michigan prediction market operations, Online Poker Report reported, with a 10 October deadline to stop new event contracts and close existing positions. Michigan agreed to withhold enforcement while Coinbase complies and related appeals proceed before the Sixth Circuit Court of Appeals.
Why it matters
Coinbase must suspend Michigan prediction markets while Michigan withholds enforcement during compliance and related appeals.