Coinbase CEO turns earnings call into unexpected jackpot for prediction market traders

Key Takeaways

Brian Armstrong simply “airdropped” alpha straight into the luggage of merchants on Polymarket and Kalshi.
He actually hit practically each key phrase that the prediction market merchants had wagered on.

Coinbase CEO Brian Armstrong shocked listeners in the course of the firm’s third-quarter earnings name on Thursday after mentioning practically each key phrase that prediction market merchants had wagered he would say.

“I used to be somewhat distracted as a result of I used to be monitoring the predictions market about what Coinbase will say of their subsequent earnings name,” mentioned Armstrong as he wrapped up Coinbase’s earnings name, “and I simply wish to, , add right here, the phrases Bitcoin, Ethereum, blockchain, staking, and web3, to verify we get these in earlier than the tip of the decision.”

The second inadvertently handed a win to Kalshi and Polymarket bettors.

lol this was enjoyable – occurred spontaneously when somebody on our staff dropped a hyperlink within the chat https://t.co/tQiV3B9jUj

— Brian Armstrong (@brian_armstrong) October 31, 2025

Coinbase reported regular development in Q3 with a 37% improve in transaction revenues reaching $1 billion, pushed by a rebound in buying and selling volumes, which touched $295 billion. Complete income for the quarter escalated to $1.9 billion with a web revenue of $433 million.

Armstrong confirmed that Coinbase had added 2,772 BTC valued at over $300 million in the course of the quarter. With 14,548 BTC at the moment on its steadiness sheet, the corporate ranks within the high ten public firms when it comes to Bitcoin holdings.

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