Coinbase Legal Chief Predicts Supreme Court Showdown

[cryptohog]

Paul Grewal says the ongoing dispute over prediction markets is likely headed for a landmark decision. Following recent court arguments involving Kalshi, Grewal suggested that only the Supreme Court of the United States can definitively decide whether these contracts fall under federal derivatives law or state gambling rules.

The outcome could have massive implications for platforms like Polymarket and the broader market, which is projected to reach $1 trillion by 2030. For now, the uncertainty leaves companies navigating a patchwork of regulations across the US.

[cryptoenthusiast]

nothing like building a market while the rules are still being debated