‘Applesauce’: Michigan judge denies Coinbase bid to block state enforcement of sports event contracts

60-second summary

Coinbase's bid to block Michigan state enforcement of sports event contracts has been denied by U.S. District Judge Shalina Kumar, who deemed their arguments "in a word, applesauce." This ruling comes as a setback for Coinbase, which had sought to prevent Michigan from enforcing contracts related to sports events, potentially impacting the company's operations and revenue.