Coinbase’s head of litigation says states are 'gaslighting' on prediction markets
Coinbase's head of litigation has accused state regulators of "gaslighting" regarding the legality and regulation of prediction markets. He argues that these markets, which allow users to bet on the outcomes of future events, are being unfairly targeted despite their potential benefits. The comments come amid increasing scrutiny from various states on the operation of such markets. Coinbase is advocating for clearer regulations to support innovation while ensuring consumer protection. The ongoing debate highlights the tension between state regulations and the evolving landscape of cryptocurrency and decentralized finance.
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