Crypto

Coinbase's Connecticut Sports Betting Bid Blocked by Federal Judge

Guavy AI Editorial Team Published August 12, 2026

A Connecticut federal judge has denied Coinbase's request to block state gaming regulators from cracking down on its sports offerings.

The decision was tied to a nearly identical ruling made against Kalshi earlier in the day.

Coinbase had sought to prevent the state's Department of Consumer Protection and the Gaming Division from taking action against its sports betting platform, citing concerns about regulatory overreach.

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