Coinbase Working on Prediction Markets Website, Tech Researcher Says

Why It Matters

The move positions Coinbase to capture a rapidly expanding market for crypto‑backed prediction contracts, diversifying its product suite and enhancing its "everything exchange" strategy, while intensifying competition among major crypto exchanges for this lucrative new revenue stream.

Summary

Tech researcher Jane Manchun Wong posted screenshots indicating that Coinbase is developing a prediction‑markets website under its Coinbase Financial Markets division, leveraging the existing Kalshi platform. The proposed service would allow users to trade USDC‑ or USD‑denominated event contracts across categories such as economics, sports, science, politics and technology, with new markets added regularly. Coinbase previously announced its intent to add prediction markets as part of an "everything exchange" and partnered with Kalshi in November, making Coinbase the custodian for Kalshi's USDC‑based contracts. Competitors like Crypto.com and Gemini are also racing to launch similar offerings, reflecting a broader industry push into the fast‑growing prediction‑markets segment.