Coinbase AI alert draws backlash after pushing World Cup result before kickoff

Share This Post

Coinbase (COIN) sent users a false “breaking news” alert saying Norway’s soccer team beat Brazil 3-2 in a World Cup knockout match before the game had even started.

The alert said Erling Haaland scored twice in the match at MetLife Stadium. Coinbase’s own prediction-market page still listed the game as weather-delayed at the time.

Users posted screenshots of the notification on X on Sunday. Coinbase CEO Brian Armstrong replied to one saying he was looking into it with the team. According to one post, the alert was sent at 10:26 a.m. ET. The match didn’t start until 4 p.m.

Max Branzburg, the company’s head of consumer & business products, later clarified that the incorrect story was fixed and the firm “made some updates to avoid these types of inaccuracies in the future.”

“It’s awesome to see the power of AI-enabled 24/7 insights for trading, but obviously still need to tune it to address these types of issues,” Branzburg wrote on X.

The actual match did see Norway beat Brazil, and Haaland scored twice. The final score was 2-1.

Related Posts

Bitcoin slips after Strategy sells 3,588 BTC for $216 million

"Strategy now has a completely different business model," wrote...

Fed rate-decision meeting minutes, SpaceX (SPCX) joins Nasdaq 100: Crypto Week Ahead

This week is characterized by macroeconomic reports, which include...

JPMorgan’s JLTXX Tokenized Money Market Fund AUM Grows 250% in a Month on Ethereum

JPMorgan's JLTXX tokenized money market fund has grown its...

Trump-Backed American Bitcoin (ABTC) Pushes Treasury Past 8,000 BTC

American Bitcoin Corp (Nasdaq: ABTC) has moved...

Luxembourg upgrades Ripple’s preliminary crypto asset provider to fully compliant

Ripple said Monday that Luxembourg upgraded its preliminary Crypto-Asset...

Bitcoin’s Sharpe Ratio slides to lowest since 2022.

Professional investors don't just look at a coin's price...