Senators move to ban prediction market bets by elected officials [Yahoo! Finance]
Coinbase Global, Inc. - 3Class A (COIN)
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Source: Yahoo! Finance
A new bill led by Democratic Senators Jeff Merkley of Oregon and Amy Klobuchar of Minnesota would ban the president, vice president, and members of Congress from trading event contracts, financial bets tied to the outcome of specific real-world events. The legislation comes after a series of controversial wagers on geopolitical developments and political events placed prediction markets under the spotlight. Related: Polymarket flashes massive warning for U.S recession Lawmakers target political betting on prediction markets Prediction markets such as Polymarket and Kalshi allow users to wager on a wide range of outcomes, from sports results and entertainment awards to political elections and economic policy decisions. Major crypto players like Coinbase (NASDAQ: COIN) and Robinhood (NASDAQ: HOOD) have also increasingly become involved with prediction markets. For instance, Robinhood launched event contracts in 2024 through its derivatives platform Robinhood Derivatives LLC
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COIN
Earnings
- 2/12/26 - Beat
COIN
Sec Filings
- 3/6/26 - Form 4
- 3/4/26 - Form 144
- 3/3/26 - Form 4
- COIN's page on the SEC website