Coinbase is facing criticism after users reported frequent notifications promoting sports betting-style prediction markets during March Madness. Many users expressed frustration, arguing that the platform is shifting away from crypto trading toward encouraging gambling-like behavior.

The backlash comes at a sensitive time for the crypto industry, where trust remains fragile. Even Coinbase CEO Brian Armstrong acknowledged the issue, calling the notifications a “bug” and admitting the company “missed the mark.” The incident highlights the fine line between innovation and user trust in evolving financial platforms.