Coinbase adopts Kalshi's strategy and files lawsuits against three states regarding prediction markets.
Coinbase's Legal Action: Coinbase is suing regulators in Connecticut, Illinois, and Michigan to establish that its prediction markets should be regulated under the Commodity Exchange Act (CEA) by the CFTC, rather than being subject to state gambling laws.
Federalism and Regulation Debate: The company argues that allowing individual states to regulate prediction markets could undermine federalism, as the most restrictive state laws would effectively dictate national standards.
Distinction from Traditional Sportsbooks: Coinbase emphasizes that its prediction markets operate as neutral platforms that match buyers and sellers, contrasting them with traditional sportsbooks that profit from customer losses.
Ongoing Legal Landscape: The legal status of prediction markets remains uncertain, as seen in the mixed outcomes of similar cases involving Kalshi, which has faced both state and federal scrutiny regarding its CFTC-regulated status.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000596 | 0.00000891 | 0.0000115 | 0.0000145 | 0.0000171 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000891 | 0.000011 | 0.0000123 | 0.0000145 | 0.0000166 | 0.0000179 | 0.00002 |
About X
About the author
