Steam won't launch with Snapd on beta channel

$ steam
Testing for explicit PulseAudio choice...
...and PulseAudio has been explicitly chosen, so using it.
ln: failed to create symbolic link '/home/yamiyuki/.local/share/icons/hicolor/32x32/apps/steam_icon_2655960.png': Permission denied
ln: failed to create symbolic link '/home/yamiyuki/.local/share/applications/Lust Academy Season 3.desktop': Permission denied
INFO: filtering /usr/share/unity out of XDG_DATA_DIRS because it is unreachable
INFO: filtering /usr/share/gnome out of XDG_DATA_DIRS because it is unreachable
INFO: filtering /home/yamiyuki/.local/share/flatpak/exports/share out of XDG_DATA_DIRS because it is unreachable
INFO: filtering /var/lib/flatpak/exports/share out of XDG_DATA_DIRS because it is unreachable
INFO: filtering /usr/local/share out of XDG_DATA_DIRS because it is unreachable
INFO: filtering /usr/share out of XDG_DATA_DIRS because it is unreachable
INFO: filtering /var/lib/snapd/desktop out of XDG_DATA_DIRS because it is unreachable
INFO: filtering /etc/xdg/xdg-unity out of XDG_CONFIG_DIRS because it is unreachable
INFO: filtering /etc/xdg out of XDG_CONFIG_DIRS because it is unreachable
steam.sh[9367]: Running Steam on ubuntu 24.10 64-bit
steam.sh[9367]: STEAM_RUNTIME is enabled automatically
Gtk-Message: 02:54:22.450: Failed to load module "xapp-gtk3-module"
Gtk-Message: 02:54:22.450: Failed to load module "unity-gtk-module"
setup.sh[9437]: Steam runtime environment up-to-date!
steam-runtime-check-requirements[9493]: W: Child process exited with code 1: bwrap: Can't read /proc/sys/kernel/overflowuid: Permission denied

steam.sh[9367]: Error: Steam now requires user namespaces to be enabled.

This requirement is the same as for Flatpak, which has more detailed
information available:
https://github.com/flatpak/flatpak/wiki/User-namespace-requirements
Error:
Steam now requires user namespaces to be enabled.

This requirement is the same as for Flatpak, which has more detailed
information available:
https://github.com/flatpak/flatpak/wiki/User-namespace-requirements
Press enter to continue: ^C

Reverting Snapd to candidate worked.

$ snap --version
snap    2.65.3+24.10
snapd   2.65.3+24.10
series  16
ubuntu  24.10
kernel  6.11.0-8-generic