According to the source, Coinbase has filed lawsuits against three U.S. states over restrictions on crypto prediction markets, source: provided link. The reported lawsuits indicate active state-level enforcement that could determine where on-chain prediction markets can operate in the U.S., which is material for exchange listings and liquidity conditions, source: provided link. Traders should monitor the complaints and any motions for temporary restraining orders or preliminary injunctions referenced in the filings to assess operational status in the affected states and potential headline risk to COIN, source: provided link.