Operator v. state
Coinbase Financial Markets, Inc. v. Nessel
U.S. Court of Appeals for the Sixth Circuit, 26-1693
Pending
Reported stayed pending related Sixth Circuit appeals; no decision.
The question
Whether the Commodity Exchange Act preempts Michigan gambling or sports-wagering law as applied to event contracts listed on a CFTC-designated contract market.
Coinbase's appeal in its Michigan case is paused while the Sixth Circuit resolves related prediction-market appeals.
Docket timeline
Coinbase stipulates to stop new Michigan sports contracts by Oct. 10, 2026.
Source: defirate.com
Appeal docketed.
Source: dockets.justia.com