How Coinbase’s CEO Unintentionally Sparked a Prediction Market Frenzy That Could Change Trading Forever
What happens when a CEO turns an earnings call into a live game show for prediction market traders? If you guessed “unexpected jackpot,” you’re spot on. Brian Armstrong, Coinbase’s top dog, didn’t just deliver a solid Q3 report — he unwittingly dropped a treasure trove of keywords that had bettors on platforms like Polymarket and Kalshi practically rolling in cash. Talk about a masterstroke of timing and transparency! With Coinbase’s revenue surging 37% and Armstrong cheekily confirming buzzwords like Bitcoin, Ethereum, blockchain, staking, and web3, this call became a goldmine of insight and, well, some serious fun. Who knew that an earnings call could double as a jackpot for savvy traders tracking every word? Curious to see how this all unfolded and what it means for the future of market predictions? Dive right in and see why Armstrong’s call is making waves well beyond the crypto sphere. LEARN MORE
Coinbase reported 37% surge in Q3 revenue on Thursday.
Key Takeaways
- Brian Armstrong just “airdropped” alpha straight into the bags of traders on Polymarket and Kalshi.
- He literally hit nearly every keyword that the prediction market traders had wagered on.
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Coinbase CEO Brian Armstrong surprised listeners during the company’s third-quarter earnings call on Thursday after mentioning nearly every keyword that prediction market traders had wagered he would say.
“I was a little distracted because I was tracking the predictions market about what Coinbase will say in their next earnings call,” said Armstrong as he wrapped up Coinbase’s earnings call, “and I just want to, you know, add here, the words Bitcoin, Ethereum, blockchain, staking, and web3, to make sure we get those in before the end of the call.”
The moment inadvertently handed a win to Kalshi and Polymarket bettors.
lol this was fun – happened spontaneously when someone on our team dropped a link in the chat https://t.co/tQiV3B9jUj
— Brian Armstrong (@brian_armstrong) October 31, 2025
Coinbase reported steady growth in Q3 with a 37% increase in transaction revenues reaching $1 billion, driven by a rebound in trading volumes, which touched $295 billion. Total revenue for the quarter escalated to $1.9 billion with a net income of $433 million.
Armstrong confirmed that Coinbase had added 2,772 BTC valued at over $300 million during the quarter. With 14,548 BTC currently on its balance sheet, the company ranks in the top ten public companies in terms of Bitcoin holdings.
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