just saw coinbase's legal team going hard on states over prediction markets. apparently they're saying the states are basically gaslighting everyone on this whole regulatory thing lol. ryan van grack (coinbase's litigation head) is calling them out pretty directly which is honestly refreshing to see instead of the usual corporate speak.

the whole prediction markets thing has been such a mess. states keep saying one thing then doing another, and ryan van grack seems fed up with the inconsistency. like if you're gonna regulate something at least be clear about it right?

it's wild how much legal firepower coinbase is throwing at this. ryan van grack doesn't seem like he's backing down either. wonder if this actually changes anything or if it's just the usual regulatory theater we see constantly. either way the prediction markets space is getting spicy