By The Weekly Edge desk ·
CasinoBeats reported 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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Coinbase’s selected platform automates contract creation, resolution, settlement and reporting for Kalshi prediction-market products.
Robinhood’s sports event contracts remain withdrawn from Michigan at least until the Sixth Circuit rules on related appeals.
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.
Kalshi retains preliminary protection from Illinois gambling enforcement, while wager-related fees remain subject to further briefing.
Coinbase must suspend Michigan prediction markets while Michigan withholds enforcement during compliance and related appeals.