Robinhood and Coinbase Face State Bans on Sports Prediction Contracts
Robinhood earned $173 million from event contracts, driven by sports wagers, but growing state lawsuits are forcing the platform to halt new sports contracts in several states.

50% chance
Data: Polymarket, updated every minute. · Ends Nov 12, 2026
In the upcoming college football game between Buffalo and Ball State, originally scheduled for Wednesday, November 11, 2026 at 1:00 PM ET (as of creation of the first market related to the event): This market will resolve to "Buffalo" if Buffalo win the game. This market will resolve to "Ball State" if Ball State win the game. Overtime is included if played. If the game ends in a tie, this market will resolve 50-50. If this market's outcome was definitively determined under its rules by the listed resolution sources before abandonment, that outcome will stand. Otherwise, the following no-result provisions apply. If the game is canceled, does not start by Friday, November 13, 2026, 11:59 PM ET, or is abandoned with no official result by that time, this market will resolve 50-50.
Resolution source: ncaa.com/
Robinhood earned $173 million from event contracts, driven by sports wagers, but growing state lawsuits are forcing the platform to halt new sports contracts in several states.
Cointelegraph Research outlines how the MATT proposal and the new OP_CHECKCONTRACTVERIFY opcode allow Bitcoin to carry contract state across transactions.
Sui‑native hardware wallet Suiball announced its closure and will refund all pre‑order customers in USDC after the Sui Foundation deemed the project too risky.
It is the latest price of the Yes outcome. Traders pay that share of a dollar for a contract that pays $1 if the event happens, so the price reads as the market's estimate of the chance.
The market resolves by the rules below. Polymarket uses the UMA optimistic oracle: anyone can propose the outcome and dispute it during a challenge period.
Yes, where Polymarket is available. You connect your own wallet; the bet goes to Polymarket and the money never passes through COINMAG. A COINMAG fee of 1% is added to each bet.
Missouri’s attorney general filed a federal counterclaim against Novig, while Polymarket U.S. sued the state, arguing that federal law preempts Missouri’s sports‑wagering restrictions.
The CFTC issued new guidance demanding federally regulated prediction markets end state‑by‑state access restrictions or justify why they cannot, amid recent court‑ordered blocks on Kalshi.
Base confirmed that a recent state‑root bug in the Reth execution client did not affect its users and released a node update to eliminate the risk.