Henry Williams

Coinbase vs Michigan: When Does Betting Become Trading?

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Coinbase vs Michigan: When Does Betting Become Trading?

Coinbase sued Michigan regulators to prevent state gambling laws from applying to prediction markets it claims fall under federal jurisdiction. Michigan officials warned operators that offering sports event contracts would threaten their licenses, but DraftKings and FanDuel launched anyway. The dispute will likely reach the … Read more

Will DraftKings Sportsbook Lose Its Ohio, Michigan License?

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Will DraftKings Lose Its Ohio, Michigan Sportsbook License?

DraftKings’ Railbird acquisition raises license concerns in Ohio and Michigan where regulators warn against prediction market participation. Multiple state gaming commissions have threatened that offering sports event contracts could jeopardize existing sportsbook licenses. DraftKings may limit sports predictions to non-betting states like California and Texas … Read more