just saw some legal team from a major CEX calling out states for being dishonest about prediction markets regulation. interesting take, honestly. they're saying it's basically gaslighting on the policy side.

the head side of coin here is that these platforms are actually trying to work within the system, but regulators keep moving the goalposts. like, you can't really blame them for pushing back when the rules keep changing. prediction markets are basically just betting on outcomes, right? but governments act like it's some crazy new thing that needs to be shut down.

wonder if this actually moves the needle on policy or if it's just noise at this point. either way, pretty bold move for a legal team to go public with this. 🤔