Coinbase Agrees to Halt Sports Event Contracts in Michigan

Coinbase Financial Markets has agreed to stop offering new sports-related event contracts to Michigan customers and close remaining open positions by October 10, 2026, under an arrangement reached with state authorities. The deadline is 12:00 a.m. Eastern time on October 10. The agreement covers contracts traded on KalshiEX and other designated contract markets. Michigan officials classify sports-related event contracts as unlicensed sports wagering when offered without a state gaming licence. Coinbase maintains that such contracts fall under federal commodities regulation.

Source: World Casino News