New York State Attorney General Letitia James has filed lawsuits against Coinbase and Gemini, alleging that they offer betting services for events such as sports and elections through prediction market platforms, potentially in violation of state gambling laws, and seeking fines, damages, and the confiscation of related proceeds. One of the points of contention is that the platforms allow users aged 18 to 21 to participate, while state law requires that such gambling activities be limited to those 21 and older. Coinbase, meanwhile, says prediction markets are regulated by the U.S. Commodity Futures Trading Commission (CFTC), and the related disputes are now entering legal proceedings. (The Block)