Overview

• Coinbase lost a Supreme Court case concerning a 2021 Dogecoin sweepstakes promotion.
• The ruling determined that courts, not arbitrators, should decide the dispute's forum.
• Coinbase's stock dropped over 3.5% following the decision.
• The case centered on whether customers were misled into spending $100 to enter the sweepstakes.
• This decision adds to Coinbase's mixed legal record at the Supreme Court.