The post Coinbase CEO’s Joke Costs Prediction Market Users Thousands After Earnings Call Stunt appeared first on Vegas Slots Online News.
Coinbase CEO Brian Armstrong ended the company’s Q3 2025 earnings call by mentioning some words that prediction market users were waiting for him to say to win their trades.
He explained that he was a little distracted as he was tracking the prediction market regarding what Coinbase would say on its next earnings call. He then proceeded to list out several words:
Armstrong said he read out the words for fun and it was a spontaneous idea:
Not everyone was so amused by the matter, as one X poster said that they lost out on $10,000 due to the CEO’s actions:
They weren’t the only people to claim they lost big sums from Armstrong’s actions. One X user posted a screenshot showing a $12,527 bet on ‘Web3’ not being mentioned during the call. This was the final term Armstrong mentioned, which meant the user missed out on a $26,141 payout and forfeited the stake:
Some people online compared the matter to the recent NBA illegal gambling scandal that involved insider information, while another X user wondered how many people at Coinbase made money from the market:
Armstrong had reason to joke around, as he had announced the company made a $433m profit during the quarter due to a surge in trading and subscription numbers.
The post Coinbase CEO’s Joke Costs Prediction Market Users Thousands After Earnings Call Stunt appeared first on Vegas Slots Online News.
