We study obstacle problems governed by two distinct types of diffusion operators, involving interacting free boundaries. We obtain a rather surprising coupling property, leading to a comprehensive analysis of the free boundary. More precisely, we show that near regular points of a coordinate function, the free boundary is analytic, whereas singular points lie on a smooth manifold. Additionally, we prove that uncoupled free boundary points are singular, indicating that regular points lie exclusively on the coupled free boundary. Furthermore, optimal regularity, non-degeneracy, and lower dimensional Hausdorff measure estimates are obtained. The sharpness of assumptions is illustrated by explicit examples.