Svmuu News: Zcash founder Zooko posted on X, stating that apps such as Binance and Coinbase have begun pushing gambling-style features—including sports betting and Bitcoin price predictions—to young, inexperienced users with limited financial resources.
CoinbaseCEO Brian Armstrong responded by stating that adults should be free to manage their own money as long as they do not harm others; buying stocks or investing early in Bitcoin or Zcash also seems like gambling to many people, and risk is subjective.Brian Armstrong also noted that aggressively promoting high-risk products to inexperienced users remains inappropriate, but this issue can be mitigated through clear disclosure, AI-driven financial literacy tools, and personalized experiences.Users can set their preferences during the registration process, and the application should reflect their wishes. On topics such as sports prediction markets, society should ultimately decide which behaviors are permissible; private companies should not be the ones to draw these lines.