When ‘s quarterly earnings call wrapped up Thursday, its chief executive, , 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.
Across prediction market platforms Kalshi and Polymarket, users had wagered on which words would be spoken during the call — part of a niche category known as mention markets, where the outcome isn’t tied to earnings, price moves or sports games, but to what people say in some public …
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