Brian Armstrong out as Coinbase CEO before 2027?

Prediction markets currently give a 11% probability that Brian Armstrong out as Coinbase CEO before 2027?. This contract trades at 11¢ on Polymarket, closing December 31, 2026. The market is pricing in only an 11% probability of Armstrong's departure despite an extraordinarily high 1,145% implied yield on the "Yes" side, suggesting significant mispricing or extreme risk aversion among traders.

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11¢
Bid/Ask 10/12¢·Spread 2¢·Vol $657.022·OI $3,064.155·Closes Dec 31, 2026·253d remaining
0x5a73aca57a88d051e913a731234c4cf280b58a27c0f6f9ca02ab77d4b357736a
7-day price102 snapshots · 3 regime
19¢11¢ current
Apr 811¢Apr 21

Analysis

4d ago

The market is pricing in only an 11% probability of Armstrong's departure despite an extraordinarily high 1,145% implied yield on the "Yes" side, suggesting significant mispricing or extreme risk aversion among traders. Volume is anemic at just $20 in 24 hours against $5K open interest, indicating thin liquidity that could amplify price swings and make the 11¢ price potentially unreliable. The sharp 7-day decline from 18¢ to 11¢ combined with a high cliff risk index of 8 suggests recent negative sentiment toward the "Yes" outcome, though the massive yield differential warrants caution about whether this reflects genuine conviction or simply illiquidity on the bullish side.

Resolution rules

This market will resolve according to the named people no longer serving as CEOs of their respective companies for any length of time between November 17, 2025 and December 31, 2026, 11:59 PM ET. An announcement of the named CEO's resignation/firing before this market's end date will immediately resolve this market to "Yes", regardless of when the announced resignation/firing goes into effect. This market's primary resolution source will be official information from the named CEOs and their respective companies, however a consensus of credible reporting sources will also be used.

Indicators

IY (Yes) 1166.8%
IY (No) 17.8%
Adj IY 583%
CRI 8
Overround -0.3%
▶ Full indicator table (5)
IndicatorValue
IY (Yes)1166.8%
IY (No)17.8%
Adj IY583%
CRI8
Overround-0.3%

Regime

Label
neutral
Score
0.409
Spread
2¢
Computed
4/21/2026, 9:52:50 PM
Observability mediumEvent type financial
Indicators computed 4/21/2026, 9:38:17 PM

Trade

View on polymarketsf trade 0x5a73aca57a88d051e913a731234c4cf280b58a27c0f6f9ca02ab77d4b357736a yes 100

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