Michigan court denies Coinbase injunction over sports event contracts
A US district court in Michigan denied Coinbase’s request to block state enforcement over its sports event contracts. Judge Shalina Kumar found that Coinbase had not shown it was likely to succeed in arguing that federal law prevents Michigan from applying its sports betting rules, or that it would suffer irreparable harm.
Coinbase may face state civil or criminal enforcement for offering sports event contracts without a Michigan gaming licence.