Coinbase agrees to shut down sports prediction markets in Michigan
Photo: SBC Americas
Coinbase reached an agreement with the Michigan Gaming Control Board (MGCB) to stop offering sports event contracts in the state, the gaming regulator announced on Wednesday. The MGCB said that the company agreed not to list any new sports markets and to close out all open sports trades by 12 a.m. Eastern Time on Oct. 10. In return, the state will not pursue enforcement action against Coinbase in the interim, while an appeal process continues in the U.S. Court of Appeals for the Sixth Circuit .
Source: SBC Americas
