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

During Coinbase's Q3 earnings call, CEO Brian Armstrong engaged in a spontaneous moment by mentioning specific terms that prediction market users had bet on, including 'blockchain,' 'staking,' and 'Web3.' This action led to immediate increases in the mentioned terms' betting odds, generating mixed reactions from industry observers. Some praised his antics while others suggested it resembled market manipulation. Armstrong stated he was following a predictions market about the earnings call, expressing enjoyment in the interaction. Despite the stir, the low liquidity of markets on platforms like Kalshi and Polymarket meant it did not lead to significant financial changes. Armstrong's comments were characterized by some as manipulative, while supporters noted he intended it as lighthearted fun. The incident raises questions about the intertwining of prediction markets and corporate actions in the crypto space.

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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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