- Coinbase is developing a prediction markets platform partnered with Kalshi.
- The platform will be operated by Coinbase Financial Markets, the exchange’s derivatives division.
- Users will be able to trade prediction contracts using USD Coin (USDC) or U.S. dollars.
- Markets will cover topics like economics, sports, science, politics, and technology, with new events added regularly.
- Competitors like crypto.com and Gemini are also launching or planning prediction markets to expand their offerings.
Coinbase is building a new website for a prediction markets platform, according to screenshots shared by tech researcher Jane Manchun Wong. The platform will be managed by Coinbase Financial Markets, the derivatives division of Coinbase Global, and will operate through a partnership with the prediction market Kalshi.
The platform interface displays the Coinbase logo and includes an FAQ section and a guide explaining the offering. According to the screenshots, users can utilize either USD Coin (USDC)—a stablecoin pegged to the U.S. dollar—or actual U.S. dollars to participate in prediction markets. Event categories are expected to cover economics, sports, science, politics, and technology, with new markets launched regularly.
This initiative aligns with Coinbase‘s plan to offer prediction markets as part of its broader strategy to become an “everything exchange,” as stated to CNBC in July. The partnership with Kalshi, announced on November 13, involves Coinbase acting as the custodian for Kalshi’s USDC-based event contracts, providing additional security measures.
Prediction markets—platforms where participants can trade contracts based on the outcome of future events—have seen growing interest in the crypto industry this year. Other exchanges like Crypto.com have recently launched prediction market platforms, including partnerships with media companies like Trump Media. Additionally, exchange Gemini is preparing to introduce a prediction market as part of a “super app” and has filed with the Commodity Futures Trading Commission to become a designated contract market, allowing it to offer these services legally in the U.S.
Jane Manchun Wong is recognized for uncovering unreleased features on major technology platforms by analyzing publicly available source code. The disclosure of Coinbase‘s new prediction market platform signals increasing competition in this emerging crypto segment.
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