SEC approves Coinbase earnings bets that stay settled when the numbers change

The SEC has approved Coinbase-linked event contracts that let users bet on company earnings outcomes, with contracts remaining settled even if reported figures are later revised. The approval signals regulatory acceptance of a narrowly defined prediction-market product, not a broader endorsement of crypto trading. For Bitcoin, the development is indirect: it may expand regulated crypto-platform offerings and market activity, but does not change Bitcoin’s fundamentals or regulatory status.