About this episode
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 Coinbase00:00 intro00:09 Private Market Exposure00:44 Investing in Polymarket vs Kalshi01:49 USDC Yields & No Fees02:50 A.I. Agents Will Look For Lowest Fees03:50 Chris Christie vs Prediction Markets04:29 Quacks Like Gary Gensler06:09 Sportsbook vs Derivatives07:40 Federal vs State Regulators08:39 Kalshi Contract Outrage12:18 War Markets?13:46 Social Utility16:20 Insider Trading & Manipulation16:57 It's Already Being Policed18:15 New Tax on Losses if States Win20:03 LIGHTNING ROUND#Crypto #Polymarket #Kalshi~Will Prediction Markets Be Banned??INTERVIEW?Coinbase Lawyer Ryan VanGrack~????????????????????????????????????????????????????????????????????????Become a supporter of this podcast: https://www.spreaker.com/podcast/the-paul-barron-crypto-show--4747781/support.Join our community!Barron Market Edge (FREE)? https://www.paulbarronnetwork.com/barron-market-edge-signupPrivate Telegram Group (FREE) ? https://t.me/+nISqoMxrok40NTcxSubscribe on YouTube ? https://bit.ly/PBNYoutubeSubscribeX/Twitter ? http://bit.ly/PBNtwitterGet official PBN merch! ? https://merch.paulbarronnetwork.com/~ The Best Self Custody Wallet ? https://tangem.com/en/ Use Code PBN for Additional Discounts!~ The Best Crypto Exchange ? Coinbase, get up to $200 in crypto - coinbase-consumer.sjv.io/BARRON~ Looking for the best tax havens for Crypto? Free Month with iTrust Capital ? Use PROMO CODE - PAUL BARRON https://rebrand.ly/PAULBARRON
