Coinbase CEO's Bizarre Final Words On Q3 Call Just Paid Off A Lucky Few

Coinbase CEO Brian Armstrong unexpectedly rattled prediction markets by listing crypto buzzwords during the company's Q3 earnings call. Armstrong's spontaneous action, triggered by a team member sharing a prediction market link, resolved all related bets with a "yes." Kalshi and Polymarket users had placed bets on whether these terms would be mentioned during the call. While some users celebrated their winnings, others expressed concern about the potential for market manipulation. Armstrong's move pleased many punters who profited from his last-minute remarks. Prediction markets are powerful but rely on trust that insiders won't exploit information. The incident raised questions about insider trading and its impact on market integrity. Despite the unusual ending, Coinbase reported a profitable quarter with a 55% revenue increase. The company also increased its Bitcoin holdings, ranking among the top corporate holders.