Coinbase boss Brian Armstrong shook up two prediction markets within the closing seconds of Thursday’s third-quarter earnings name by dropping a listing of crypto buzzwords that Kalshi and Polymarket users wager might maybe well be mentioned within the resolution, resolving all markets to a “yes.”
Several Kalshi and Polymarket users were cheerful that their bets paid off within the closing seconds. In disagreement, others were understandably rattled to listen to that a prediction market might maybe well also be so without issues upended.
“I changed into as soon as a minute bit distracted attributable to I changed into as soon as monitoring the predictions market about what Coinbase will divulge of their subsequent earnings name, and I lawful desire to add right here, the words Bitcoin, Ethereum, blockchain, staking, and Web3, be sure we fetch these in earlier than the tip of the resolution,” acknowledged Armstrong.
The “What will Coinbase divulge at some level of their subsequent earnings name” markets from Kalshi and Polymarket saw $80,242 and $3,912 rate of bets placed.
That included 24 punters on Polymarket, where thankfully, no person lost more than $12 on a single wager.
Armstrong afterward X acknowledged it took quandary “spontaneously when someone on our crew dropped a [prediction markets] link within the chat.”
lol this changed into as soon as fun – took quandary spontaneously when someone on our crew dropped a link within the chat https://t.co/tQiV3B9jUj
— Brian Armstrong (@brian_armstrong) October 31, 2025
Armstrong seemed to thrill more punters than no longer
Nearly every punter within the feedback share changed into as soon as cheerful with Armstrong’s final-minute resolution to checklist the crypto buzzwords no longer mentioned earlier.
“HAHAHAH THE GOAT BRIAN,” Polymarket person TheMasterMind acknowledged, while Kalshi users Redbullfool and Chungboy thanked Armstrong for the “reward.”
While prediction markets are great tools for gauging expectations, they depend on the belief that insiders won’t won’t exploit their knowledge for non-public create.
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Actions like this like beforehand raised suspicions of insider trading and market manipulation.
Coinbase performed successfully in Q3
Though the earnings name had an queer conclusion, Coinbase delivered yet any other profitable quarter, with $432.6 million in win income and $1.9 billion in income, representing a 55% amplify from the same quarter within the old Twelve months.
Coinbase additionally increased its Bitcoin (BTC) holdings by 2,772 BTC to 14,458 BTC — placing it support within the discontinue 10 largest corporate Bitcoin conserving firms, BitcoinTreasuries.NET knowledge reveals.
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