Coinbase Accuses States of Gaslighting Over Prediction Markets

The cryptocurrency market is facing significant regulatory uncertainty following Coinbase's head of litigation accusing states of 'gaslighting' over prediction markets.

Prediction markets allow users to bet on future events using cryptocurrencies, but regulators have raised concerns about consumer protection and market manipulation.

Bitcoin prices have dropped due to the controversy, with a 1.86% decline in 24 hours to $65,913 according to CoinGecko data.

However, experts believe that clarity on regulation could attract institutional investment and boost prices, potentially leading to a rally to $80,000 by the end of 2026.