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Unchained

DEX in the City: Are Prediction Markets Gambling, and Who Should Regulate Them? - Ep. 952

Unchained

Laura Shin

News, Tech News, Business News

4.61.3K Ratings

🗓️ 19 November 2025

⏱️ 48 minutes

🧾️ Download transcript

Summary

In the second episode of DEX in the City, hosts Jessi Brooks of Ribbit Capital, Katherine Kirkpatrick Bos of StarkWare and Vy Le of Veda discuss the recent spat between former Securities and Exchange Commission Chief of Staff Amanda Fischer and the cryptocurrency community over changes to Uniswap's model. They also delve into the return of Initial Coin Offerings now branded as “public token sales.” At the same time, they dissect the legal uncertainties plaguing prediction markets and discuss the state of mainstream crypto adoption despite recent market volatility. Hosts: Jessi Brooks, Ribbit Capital Katherine Kirkpatrick Bos, General Counsel at StarkWare TuongVy Le, General Counsel at Veda Links: Unchained: Uniswap Fee Switch Proposal Sparks 50% UNI Rally The Chopping Block: Tokenomics Reset — ICOs Rise, UNI Turns On Fees, MEV Goes to Court MegaETH Just Had Its Public Sale. Can It Succeed in Building a Web2-Like Experience? Coinbase Launches Digital Token Sales Platform UFC Partners With Polymarket to Launch Real-Time Fan Prediction Scoreboard in Live Fight Broadcasts Crypto Liquidations Top $500 Million as Bitcoin Dips to $93,000 Timestamps: 🚀 00:00 Introduction ⚔️ 2:00 CT v. Amanda Fischer 💥 13:41 The return of ICOs 🧱 21:34 How the SEC botched crypto and lost oversight to the CFTC 🤔 26:43 Are prediction markets gambling? 📈 41:04 Crypto market sentiment heading into the holidays Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey all, before we begin, I've got some exciting news to share. We've been working on something

0:05.9

a little wild behind the scenes. It's called Unchained On Air, a revamped live stream series and podcast

0:12.7

feed that takes you way beyond the headlines. It features sharp, maybe even controversial,

0:18.6

takes on major events, and the kind of on-chain intel that never makes it to your feed. Way more shows, way more often, each one laser-focused on a different slice of crypto and finance. First up is decks in the city, where the wallets are cold and the takes are hot, with Jesse Brooks, Catherineatherine kirkpatrick baws and v lee three powerhouse lawyers

0:40.8

gathering to dish about the latest from defy enforcement to token regulation and everything in between

0:46.5

it live streams every t t t t uneas uneasy money because what happens on chain never stays on chain with

0:57.0

Lucan Nets, Kane Warwick, and Taylor Monaghan. Three OG-DFI builders unpacking everything

1:03.2

happening on chain, from tokenomics to dows, from hacks to yields. It airs Wednesdays at 3pm

1:10.5

ET. And finally, Bits and Bips the interview,

1:14.7

an addition to our group chat show, in which our executive editor, Stephen Erlich, takes you

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deeper with one-on-one conversations. This streams on Thursdays at 12 p.m. ET. To catch the live

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streams, follow Unchained on X,

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subscribe on YouTube, or find us on your favorite streaming platform now.

1:33.9

And don't forget to hit the bell icon so you never miss a show.

1:37.6

And if you can't make the live stream,

1:39.7

these episodes will show up in your podcast feed the very next day.

1:43.6

Thanks, as always always for your support.

1:45.6

We spend so much time putting on suits, going to the hill, spending time with regulars.

1:50.9

A lot of the people on crypto Twitter do this and put so much time into this.

1:54.9

And we think about what we're going to say. We go on these panels and we talk about these

1:58.4

issues and we spend so much time to be like, we are a responsible industry. We care about the same things you care about.

2:04.4

And then the regulators just have to open their Twitter X app and see all this like really

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