[Coinbase CEO Clarifies Misinterpretation of Prediction Markets and Insider Trading Remarks] Coinbase CEO Brian Armstrong clarified that his remarks regarding prediction markets and 'insider information' were taken out of context, and the simplified statement that 'insider trading is 100% necessary for prediction markets' is inaccurate. He stated that prediction markets reflect participants' judgments through real-money bets, forming a 'signal' closer to the truth, but this does not equate to endorsing traditional insider trading practices. He pointed out that the logic of prediction markets differs from that of stock markets, with the goal being to aggregate information, reduce noise, and improve the accuracy of judgments on real-world events. He emphasized that this is a complex topic and cautioned against distorted citations.