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Coinbase CEO Garners Praise, Pushback for Prediction Market Shoutouts in Earnings Call

Coinbase CEO Brian Armstrong stirred reactions during the Q3 earnings call by spontaneously mentioning terms that prediction market users wagered on. His comments included words like 'blockchain,' 'staking,' and 'Web3,' which delighted some users who had bet on their inclusion. However, others criticized the act, suggesting it resembled market manipulation. Armstrong’s comments were linked to markets on platforms like Kalshi and Polymarket, allowing users to predict words said during events. His remarks reportedly boosted the odds of these terms significantly. Despite the excitement, the actual market activity was limited, with low liquidity observed. Coinbase stated that Armstrong's intent was lighthearted, but the incident raised questions about market ethics and the responsibilities of a CEO.

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Prediction Markets Indicate U.S. Government Shutdown Might End Soon

Prediction markets suggest that the lengthy U.S. government shutdown may conclude shortly, with traders assigning a 96% probability of it reopening between November 12 and 15. A recent Senate vote advanced a bipartisan funding bill, yet critical issues such as Affordable Care Act subsidies remain unresolved. Political pressures are

Prediction Markets Say U.S. Government Shutdown Days From Ending as Health Care Fight Looms

The U.S. government shutdown appears to be nearing its end, with prediction markets indicating a 96% chance of resolution by mid-November. A Senate vote advanced a funding bill intended to reopen the government, although significant issues, including Affordable Care Act subsidies, remain unresolved. Traders are predicting the shutdown could

Prediction Markets Suggest U.S. Government Shutdown is Nearing an End

Prediction markets indicate a 96% likelihood that the lengthy U.S. government shutdown will conclude between November 12 and 15. This optimism follows a Senate vote that passed a bipartisan funding bill aimed at reopening government operations. However, unresolved issues remain, particularly regarding Affordable Care Act subsidies critical for many

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