Trader consensus strongly supports no GameStop acquisition of eBay, as shown by the 93.5% implied probability on Polymarket. The dominant factors include eBay’s substantially larger market capitalization and revenue base relative to GameStop, alongside GameStop’s ongoing balance-sheet constraints and focus on core retail stabilization rather than transformative M&A. Limited financing capacity, potential regulatory scrutiny over competitive overlap, and shareholder priorities further anchor expectations. While an unexpected capital raise or activist-driven pivot could theoretically reopen the possibility, such catalysts would require material shifts in fundamentals and market conditions that appear distant given current valuations and sector precedents.