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Unchained

DEX in the City: Why Prediction Markets Could Spark a Huge Constitutional Fight

Unchained

Laura Shin

News, Tech News, Business News

4.61.3K Ratings

🗓️ 19 February 2026

⏱️ 53 minutes

🧾️ Download transcript

Summary

The crew tackles everything from the CFTC's controversial stance on prediction markets to the real-world impacts of rising crypto crime. Thank you to our sponsors!  Figure is giving away $25,000 in USDC. Deposit into Democratized Prime, earn ~9% APY hourly—and every $1 you keep in for 25 days is 1 entry. Enter here  Adaptive Security: As AI makes deception easier, security gets harder. Adaptive runs deepfake and phishing simulations so your team can train for real-world threats. Explore more The CFTC has announced an innovation council, Chair Mike Selig has asserted that prediction markets are under the agency's ambit, SBF wants another trial and Nancy Guthrie's kidnapping is casting crypto in a negative light. In this episode of DEX in the City, hosts Jessi Brooks, Katherine Kirkpatrick Bos and TuongVy Le discuss how the distribution of the CFTC's council highlights industry's need for better gender equity, why Selig's stance on prediction markets triggers “a huge constitutional debate,” why SBF's push for a new trial is so dangerous for crypto, and whether the crypto industry can do more to mitigate crime. Find out why SBF's search for a new trial has far reaching effects beyond his case. Plus, can crypto tackle crime without sacrificing its benefits? If you want your crypto taxes done carefully — not guessed — Crypto Tax Girl is offering $100 off one-on-one crypto tax services. Their team focuses solely on crypto and has been helping investors navigate tax season since 2017. Save $100 here Hosts: ⁠Jessi Brooks⁠, General Counsel at Ribbit Capital Katherine Kirkpatrick Bos, General Counsel at StarkWare ⁠TuongVy Le⁠, General Counsel at Veda Links: Unchained: SEC and CFTC Signal United Front on Crypto Trump Won’t Consider Pardon for SBF: Report DEX in the City: How Crypto Exchanges May Be Holding Up the Market Structure Bill This week's good news: How Ripple is Helping Great Ormond Street Hospital Charity to Unlock Crypto Philanthropy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:06.8

knows your business. We help you handle the have-to-dos so you can focus on the can't-wait-to-dos.

0:13.2

It's a new workday. There are some parameters or limitations to pardon. Like, pardon can't

0:19.2

extend impeachment, for example, future crimes,

0:23.7

civil matters. So as a reminder, even if SBF were to be pardoned, which I agree would be

0:29.0

horrendous, he would still be on the hook civilly. Even if you agree with the political,

0:33.1

the narrative that like crypto enforcement was politicized, so we need to be really careful not to let SBF like try to push that narrative.

0:41.2

Crypto does not have as much crime as traditional finance.

0:45.1

And this is just a technological tool.

0:47.2

But I am so exhausted of that argument because I'm just like, what is the point of this?

0:53.3

It's every single time there is some sort of criticism of crypto.

0:57.3

We just say, well, it's not as bad as Fiat because why do we want to be compared to that?

1:07.3

Hi, all, and welcome to Dex in the city where the wallets are cold and the takes are hot.

1:12.5

First, we have Jesse, Web3 prosecutor turned Web3 Protector at Ribbett Capital.

1:17.0

Hi, everyone. I'm so glad you're back. It was so much pressure to sit in your seat.

1:22.9

I hope you missed my, what did you say, flowing red locks?

1:26.1

Yes. Everyone could use a redhead in. I hope you missed my, what did you say, flowing red locks? Which I was very flattered.

1:27.9

Yes.

1:33.8

Everyone could use a redhead in the midday in the middle of the week.

1:34.4

Every day.

1:35.0

Yeah.

1:38.5

And next we have V from the SEC to Web 3.

...

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