Coinbase Loses Supreme Court Dogecoin Sweepstakes Dispute (1)

The US Supreme Court ruled against Coinbase over a 2021 Dogecoin sweepstakes, dismissing the crypto exchange’s warning that a ruling against it would invite legal turmoil.

In a unanimous opinion on Thursday by Justice Ketanji Brown Jackson, the ruling said a court, not an arbitrator, should decide where the dispute belongs.

In doing so, the court emphasized that arbitration is a matter of “contract and consent.” When there are two competing contracts, a “court needs to decide what the parties have agreed to,” Jackson wrote.

The court rejected Coinbase’s claim that such a ruling would invite chaos by encouraging parties ...