Coinbase CEO's Prediction Market Stunt

Coinbase CEO Brian Armstrong playfully trolled prediction market traders during a recent earnings call, listing crypto buzzwords to rattle bettors. This incident raises questions about insider trading in prediction markets, as Armstrong himself ponders its impact on market integrity. Meanwhile, prediction markets face scrutiny over sudden bet surges, like the Nobel Peace Prize controversy. Despite these concerns, platforms like Kalshi and Polymarket continue to offer bets on Armstrongs future public appearances, highlighting the complex ethical and regulatory landscape of prediction markets.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.