New York State Sues Coinbase And Gemini For 'Illegal Gambling' [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
crypto exchanges Coinbase Global (NASDAQ: $COIN) and Gemini (NASDAQ: $GEMI), accusing them of providing illegal gambling services through their prediction markets. In a statement, James's office said Coinbase and Gemini have run afoul of New York laws through prediction market platforms that enable people to bet on sports and other real-world events. The New York Attorney General is seeking fines, restitution, and for Coinbase and Gemini to forfeit profits that the state says are illegal. More From Cryptoprowl: Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.I. Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance New York Stock Exchange Invests $600 Million In Polymarket "Gambling by another name is still gambling, and it is not exempt from regulation under our state laws and Constitution," said James in a
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News
- 'Think Even Bigger': Michael Saylor Drops $2.54 Billion On Bitcoin, But What Do Prediction Markets Say? [Yahoo! Finance]Yahoo! Finance
- After Google, largest U.S. crypto exchange warns of quantum threat [Yahoo! Finance]Yahoo! Finance
- Prediction Markets’ Billion Dollar Crackdown: New York Sues Coinbase And Gemini [Forbes]Forbes
- New York sues Coinbase and Gemini, seeking to halt unlicensed prediction market businesses [Yahoo! Finance Canada]Yahoo! Finance Canada
- New York sues Coinbase and Gemini, seeking to halt unlicensed prediction market businesses [Yahoo! Finance]Yahoo! Finance
COIN
Earnings
- 2/12/26 - Beat
COIN
Sec Filings
- 4/20/26 - Form 4
- 4/16/26 - Form 144
- 4/10/26 - Form 8-K
- COIN's page on the SEC website