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Coinbase CLO: A hearing will be held next week regarding the blocking of the launch of prediction market contracts in Nevada
Deep Tide TechFlow News, on February 5th, Coinbase Chief Legal Officer Paul Grewal stated on the X platform that the U.S. Congress has granted the U.S. Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over the launch of related prediction market contracts. The latest news is that a hearing has been scheduled for next week in the U.S. District Court in Nevada, and he also expressed gratitude for the court’s handling of the matter.
Paul Grewal previously stated that Nevada regulators attempted to unilaterally block the launch of any prediction market event contracts without giving Coinbase an opportunity to respond, and due process should at least include the chance to be heard.