11-02 02:44 Sunday
FeaturesEthereum Founder Vitalik Buterin Comes to Coinbase CEO's Defense Over Prediction Market Meddling
Coinbase CEO Brian Armstrong deliberately mentioned "Bitcoin," "Ethereum," "blockchain," "staking," and "Web3" during the firm's Q3 earnings call, boosting prediction market odds for those terms to nearly 100% on platforms like Polymarket and Kalshi. While Armstrong called it spontaneous fun, critics labeled it market manipulation, though trading volumes were minimal—Polymarket saw under $450 combined for "Web3" and "staking." Coinbase emphasized its policies prohibit such employee participation, as shares rose nearly 5% to $343.78 on strong earnings.
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