Analysis: Coinbase's (COIN) Brian Armstrong Made Prediction Markets Look Dumb. Bill Ackman Made Them Look Real

Coinbase CEO Brian Armstrong trolls the prediction markets

While Armstrong may have helped some Kalshi and Polymarket users make a little money, he was also illustrating how easily these markets can be manipulated.

Coinbase CEO Stunt Exposes Vulnerability in Prediction Markets

When Coinbase Global Inc.’s quarterly earnings call wrapped up Thursday, its chief executive, Brian Armstrong, didn’t finish with profit guidance or statements of confidence. He closed it out with a list: “Bitcoin, Ethereum, blockchain, staking and Web3.”

Analysis: Coinbase's (COIN) Brian Armstrong Made Prediction Markets Look Dumb. Bill Ackman Made Them Look Real

A Coinbase CEO prank resolved one market with a single sentence. Ackman’s warning about “rigged odds” in a $22 million Polymarket election shows the opposite: it now takes institutional-scale money to move prices even 10%.

Time to Gamble on Prediction Markets? - Fat Tail Daily

Charlie here, bringing you a fresh perspective from our international network. Today’s essay comes from James Altucher. He is a former hedge fund manager and well-known tech/crypto guru. James has built a name for himself by embracing the unconventional and pushing to normalise what many deem preposterous. That sounds right up our alley. I’ll leave James to explain what has got him excited recently. Regards, Charlie Ormond,Small-Cap Systems and…

Coinbase CEO Garners Praise, Pushback for Prediction Market Shoutouts in Earnings Call

Brian Armstrong used Coinbase's Q3 earnings call to drop a few terms that prediction market users had bet on. The remarks got mixed reviews.

Coinbase CEO reels off Kalshi ‘mention markets’ on Q3 earnings call

Coinbase CEO Brian Armstrong has said customers are driving demand for prediction markets, as the New York-listed crypto trading platform noted it is making progress on plans to deliver an “everything exchange.” First announced at the firm’s Q2 earnings call in the summer, Armstrong told analysts yesterday, October 30, the exchange would be a “one-stop shop to trade every asset class.” Prediction markets have exploded in popularity over the past…