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.

Data: Polymarket, updated every minute. · Ends Nov 12, 2026
In the upcoming NBA game between Warriors and Rockets, originally scheduled for Wednesday, November 11, 2026 at 9:30 PM ET (as of creation of the first market related to the event): If the Warriors win, the market will resolve to "Warriors". If the Rockets win, the market will resolve to "Rockets". 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. The result will be determined based on the final score including any overtime periods.
Resolution source: nba.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.
Major crypto exchanges and trading firms filed an amicus brief backing the CFTC's right to regulate single‑stock perpetual futures amid a lawsuit by the Capital Markets Alliance.
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.
PNC Bank and Coinbase have begun a limited pilot that lets eligible corporate customers accept USDC payments, automatically converting them to dollars on deposit.
Coinbase now allows users to borrow USDC against Paxos’ gold‑backed PAXG token on its Base L2, with collateral pricing paused during gold market closures.
Coinbase has been granted a national trust bank charter by the OCC, allowing institutional custody services but prohibiting retail deposits and stablecoin issuance.
Coinbase CEO Brian Armstrong said on X he supports tokenizing Coinbase shares to attract new shareholders.