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HomeCryptocurrencyCoinbase’s Armstrong Shakes Up Predictions Markets in Q3 Name

Coinbase’s Armstrong Shakes Up Predictions Markets in Q3 Name


Coinbase boss Brian Armstrong shook up two prediction markets within the remaining seconds of Thursday’s third-quarter earnings name by dropping an inventory of crypto buzzwords that Kalshi and Polymarket customers guess can be talked about within the name, resolving all markets to a “sure.” 

A number of Kalshi and Polymarket customers have been ecstatic that their bets paid off within the remaining seconds. In distinction, others have been understandably rattled to listen to {that a} prediction market could possibly be so simply upended.  

“I used to be a little bit distracted as a result of I used to be monitoring the predictions market about what Coinbase will say of their subsequent earnings name, and I simply wish to add right here, the phrases Bitcoin, Ethereum, blockchain, staking, and Web3, ensure we get these in earlier than the top of the decision,” mentioned Armstrong. 

The “What is going to Coinbase say throughout their subsequent earnings name” markets from Kalshi and Polymarket noticed $80,242 and $3,912 value of bets positioned.

That included 24 punters on Polymarket, the place thankfully, nobody misplaced greater than $12 on a single guess. 

Armstrong afterward X mentioned it occurred “spontaneously when somebody on our staff dropped a [prediction markets] hyperlink within the chat.”

Armstrong appeared to please extra punters than not

Nearly each punter within the feedback part was happy with Armstrong’s last-minute resolution to record the crypto buzzwords not talked about earlier.