By SectorWire desk ·
The report said that Coinbase’s prediction-market revenue rose 106% from the first quarter. The growth came amid weaker conditions in its cryptocurrency business.
Prediction-market revenue rose while Coinbase’s cryptocurrency business faced weaker conditions.
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The access restrictions affect how prediction-market platforms can serve users in Taiwan amid enforcement over election-related betting.
The applications could enable Blockchain.com to seek approval to bring prediction markets and regulated trading to US users.
Coinbase must suspend Michigan prediction markets while Michigan withholds enforcement during compliance and related appeals.
Kalshi retains preliminary protection from Illinois gambling enforcement, while wager-related fees remain subject to further briefing.
Robinhood Derivatives faces a 16 October compliance deadline for Ohio’s cease-and-desist order concerning sports-event contracts.
Prediction market regulation faces scrutiny through 39 states’ Supreme Court filing and the NFL’s call for clarity.