Coinbase boss Brian Armstrong shook up two prediction markets within the closing seconds of Thursday’s third-quarter earnings name by dropping an inventory of crypto buzzwords that Kalshi and Polymarket customers wager could 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 closing 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 slightly 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, make certain we get these in earlier than the top of the decision,” stated Armstrong.
The “What is going to Coinbase say throughout their subsequent earnings name” markets from Kalshi and Polymarket noticed $80,242 and $3,912 price of bets positioned.
That included 24 punters on Polymarket, the place happily, nobody misplaced greater than $12 on a single wager.
Armstrong in a while X stated it occurred “spontaneously when somebody on our workforce dropped a [prediction markets] hyperlink within the chat.”
lol this was enjoyable – occurred spontaneously when somebody on our workforce dropped a hyperlink within the chat https://t.co/tQiV3B9jUj
— Brian Armstrong (@brian_armstrong) October 31, 2025
Armstrong appeared to please extra punters than not
Nearly each punter within the feedback part was happy with Armstrong’s last-minute resolution to listing the crypto buzzwords not talked about earlier.
“HAHAHAH THE GOAT BRIAN,” Polymarket consumer TheMasterMind stated, whereas Kalshi customers Redbullfool and Chungboy thanked Armstrong for the “reward.”
Whereas prediction markets are highly effective instruments for gauging expectations, they depend on the belief that insiders received’t received’t exploit their data for private achieve.
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Actions like this have beforehand raised suspicions of insider buying and selling and market manipulation.
Coinbase carried out nicely in Q3
Though the earnings name had an uncommon conclusion, Coinbase delivered one other worthwhile quarter, with $432.6 million in internet earnings and $1.9 billion in income, representing a 55% enhance from the identical quarter within the earlier 12 months.
Coinbase additionally elevated its Bitcoin (BTC) holdings by 2,772 BTC to 14,458 BTC — placing it again within the high 10 largest company Bitcoin holding corporations, BitcoinTreasuries.NET knowledge exhibits.
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