Coinbase CEO Apologizes for Frequent Predictive Market Notifications: Issue Being Fixed

Odaily News Coinbase CEO Brian Armstrong responded on platform X regarding the frequent push notifications about predictive markets. He stated that the notification issue stemmed from a system glitch, apologized to users, and confirmed that a fix is underway. He also promised to strike a better balance between content delivery and user experience. Coinbase users expressed dissatisfaction with the frequent predictive market notifications, with feedback focusing on terms like "annoying" and "unreasonable." Several users reported receiving a large number of predictive market-related notifications during the NCAA "March Madness" basketball tournament. Some users criticized this as steering the crypto exchange towards sports betting and raised concerns about the platform's fund management and risk controls. Currently, the predictive market business still faces regulatory pressure in the United States, with multiple state regulators having filed lawsuits against related platforms. Simultaneously, the U.S. Commodity Futures Trading Commission (CFTC) is seeking to assert regulatory authority over this sector.