Coinbase CEO Stunt Exposes Vulnerability in Prediction Markets
Brian Armstrong
Photographer: Stefan Wermuth/BloombergTakeaways by Bloomberg AISubscribe
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.”
Those weren’t random buzzwords. They were part of an $84,000 betting market.
More From Bloomberg
GlobalFoundries CEO Says Clients Demanding Local Chip Supplies
Musk Firms Lose Their Shine for Secondary Investors After His Trump Feud
Musk Lawyer Vows Legal Fight to Unwind OpenAI Restructuring
Warner Bros. CEO Tells Staff the Board Wants Higher Takeover Bid
Musk’s Starlink Ties Up With UK’s VMO2 for Mobile ‘Not Spots’