Coinbase Global Inc. has been drawn into New York City's expanding scrutiny of prediction markets, alongside Polymarket and Kalshi. The investigation comes as the CFTC pushes back against the sector. The article provides no further details on the scope, grounds, or stage of the NYC investigation.

A city-level probe adds another regulatory front for platforms already navigating federal CFTC oversight. For operators, it signals that state and local enforcers may layer on additional compliance burdens beyond federal rules.