Not sure if max knows he can respond to the one ring trigger with binding or Teferi + instant speed ending before the counter is placed on the ring. He would have denied quite a few cards being drawn and possibly won the game off of it.
@19:00 Max should have just bounced his own leyline binding and legend ruled the rings, then re-used the leyline binding on the ring still in play. He goes up one and can deal with the one that's already in play. He has no time to respond with an activated ability, and that ring already in play already has the protection ability going anyways. Didn't end up mattering though.