Coinbase faces legal showdown as states challenge federal control of prediction markets

A legal battle over prediction markets is heating up in the US, with Detroit set to back Michigan in a dispute against Coinbase. The case centres on whether these markets fall under federal or state control. Meanwhile, a new AI tool for crypto auditing is nearing the end of its presale, and analysts have released fresh price predictions for THETA and Golem tokens. The clash between federal and state regulators over prediction markets has intensified. The Commodity Futures Trading Commission (CFTC) currently oversees platforms like Polymarket and Kalshi, treating them as futures-like contracts. But Michigan, along with Nevada, Arizona, Massachusetts, Iowa, and Utah, argues these markets are unlicensed gambling and should be regulated locally.

Coinbase, defending its stance, maintains that federal oversight by the CFTC is the correct approach. Detroit's legal team will now file an *amicus* brief supporting Michigan's position, with a court deadline set for April 3. In separate developments, **DeepSnitch AI**, a tool for smart contract auditing and market intelligence, is wrapping up its presale on March 31 at 11 am UTC. Investors can still enter with a $5,000 contribution at $0.04669 per token, receiving around **107,089 DSNT tokens**—plus an extra 50% bonus using the promo code **DSNTVIP50**. Analysts have also updated forecasts for two cryptocurrencies. **THETA** could peak at **$0.587** by late 2026. **Golem**, meanwhile, may reach a high of **$0.137** by December 2027, with an average price of **$0.0983** the following year.

The Coinbase lawsuit will test whether prediction markets remain under federal CFTC rules or face stricter state gambling laws. Detroit's involvement adds weight to Michigan's case, with the filing due by April 3. Elsewhere, DeepSnitch AI's presale closes soon, while THETA and Golem investors watch updated price targets for the coming years.