Why Prediction Markets Differ from Sportsbooks

Prediction markets like Kalshi and Polymarket are rapidly expanding—with over $63 billion in 2025 volume—and are increasingly likely to reach the U.S. Supreme Court (SCOTUS) by 2026–2027. A legal battle is brewing between platforms arguing they are federally regulated "event contracts" (via CFTC) and state regulators labeling them illegal gambling.

Guest: Ryan VanGrack, VP of Legal and Global Head of Litigation at Coinbase

00:00 intro
00:09 Private Market Exposure
00:44 Investing in Polymarket vs Kalshi
01:49 USDC Yields & No Fees
02:50 A.I. Agents Will Look For Lowest Fees
03:50 Chris Christie vs Prediction Markets
04:29 Quacks Like Gary Gensler
06:09 Sportsbook vs Derivatives
07:40 Federal vs State Regulators
08:39 Kalshi Contract Outrage
12:18 War Markets?
13:46 Social Utility
16:20 Insider Trading & Manipulation
16:57 It's Already Being Policed
18:15 New Tax on Losses if States Win
20:03 LIGHTNING ROUND

#Crypto #Polymarket #Kalshi
~Will Prediction Markets Be Banned?🚫INTERVIEW🚨Coinbase Lawyer Ryan VanGrack~
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