Preemption

Michigan federal judge denied Coinbase’s bid to block state enforcement of sports-event contracts tied to Kalshi, signaling continued friction between federal preemption theories and state gaming/prediction-market regulation.

Michigan judge denied Coinbase’s bid to block state enforcement of Kalshi-style sports-event contracts, underscoring state jurisdiction and limiting CEA preemption arguments amid a broader push for federal oversight of prediction markets.

Big Tech is lobbying for federal AI-regulation preemption to unify rules nationwide, but faces political headwinds and potential post-midterm shifts.