PANews June 28 news: Zcash founder Zooko posted on X platform that the Coinbase App has started pushing gambling-like features such as sports gambling and Bitcoin price predictions to young, immature, and economically disadvantaged users, and he feels ashamed to be in this industry. In response, Coinbase CEO Brian Armstrong replied that adults should be able to freely spend their own money without harming others. Buying stocks, buying Bitcoin/Zcash early, also looks like "gambling" to many people, risk is subjective. That said, aggressively promoting high-risk products to inexperienced users is still not appropriate. Offering a product and making it the focus of the app are two different things.

Brian Armstrong emphasized that this problem can be mitigated through clear information disclosure, AI-driven financial literacy tools, and personalized experiences. Users can set preferences during registration (e.g., enable/disable certain categories), so the app reflects their wishes without forcing those choices on other users. On topics like sports prediction markets, Brian Armstrong believes that society (through democratic processes) should ultimately decide what behaviors are allowed, and private companies should not be the ones drawing those lines.