Coinbase News 2026
AI-GENERATEDRaven Secures Strategic Funding at $90 Million Valuation
Trading firm Raven quadruples its valuation to $90 million, cementing its role as a lead liquidity provider for platforms like Polymarket.
AI-GENERATEDConnecticut Crackdown on Prediction Markets, Playtech H1 Profits Soar
Connecticut regulators issued cease-and-desist orders to nine prediction platforms, while Playtech reported H1 2026 revenues of €425.1 million.
AI-GENERATEDRobinhood Pauses Sports Event Contracts in Michigan Amid Legal Battle
Trading platform Robinhood has agreed to withdraw its sports prediction markets in Michigan following a court order and ongoing disputes over gambling classifications.
AI-GENERATEDIllinois Lawmaker Moves to Repeal Prediction Market Tax Following Legal Challenges
A new legislative proposal in Illinois aims to eliminate the 1.75% to 3.5% tax on prediction markets just months after its implementation.
AI-GENERATEDNovig Sues Wisconsin Officials: Legal Battle Over Prediction Markets Escalates
Prediction market operator Novig has filed a lawsuit in Wisconsin, claiming its sports event contracts should fall under federal CFTC oversight rather than state gambling laws.
AI-GENERATEDNew York City Council Investigates Polymarket and Kalshi Over Marketing
NYC Council launches a probe into prediction markets like Polymarket and Kalshi over allegations of deceptive advertising and targeting minors.
AI-GENERATEDBinance.US Targets Expansion into U.S. Prediction Markets
Cryptocurrency exchange Binance.US is seeking a DCM license from the CFTC to offer event contracts, following massive growth reported by rivals like Robinhood.
AI-GENERATEDEx-CFTC Nominee Brian Quintenz Joins Prediction Markets Coalition as Senior Adviser
Brian Quintenz, whose nomination to chair the US financial regulatory agency CFTC was withdrawn last year, has joined the Coalition for Prediction Markets as a senior adviser. This lobbying group advocates for broader acceptance of prediction markets in the US, supported by companies like Kalshi and Coinbase.
AI-GENERATEDKalshi and ADI Predictstreet: More Appearance than Reality in World Cup Partnership?
The collaboration between Kalshi and ADI Predictstreet for the 2026 FIFA World Cup is less comprehensive than previously believed. ADI Predictstreet attracted only $422,491 in volume for the USA vs Belgium match, while Kalshi recorded $17.3 million.