New York Sues Coinbase Over Prediction Markets, COIN Stock Falls 7%

New York’s Attorney General (AG) Letitia James has sued Coinbase, alleging that the crypto exchange’s prediction markets violate state law. The COIN stock has fallen amid this development, in that it is the latest state crackdown on prediction markets over claims that they operate illegal gambling. Ad Ad New York Sues Coinbase For State Violation