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Coinbase Enters Prediction Markets
Coinbase is reportedly developing a prediction markets platform, according to tech researcher Jane Manchun Wong, who has a history of uncovering unreleased features on platforms like X, Facebook, and Instagram. Wong discovered screenshots hinting that the service will be powered by Kalshi, a regulated U.S. prediction market platform.
This development signals yet another major step in Coinbase’s ambition to become an “everything exchange,” offering users not just trading, staking, and custody—but real-time event-based betting powered by crypto.
Kalshi Partnership Details
Coinbase officially partnered with Kalshi on November 13, positioning itself as a custodian for USDC-based event contracts. Back in July, Coinbase told CNBC that it intended to launch prediction markets as part of its mission to evolve into an everything exchange.
If the leaked screenshots turn true, Coinbase could soon offer USDC or U.S. dollar settlements for predictions across various sectors. It might also introduce new markets regularly, adding a dynamic layer of activity to the platform.
What Prediction Markets Do
Prediction markets let users bet on future events, with prices reflecting the likelihood of outcomes. They are often viewed as “crowd-powered forecasting tools,” where market sentiment can indicate probabilities with surprising accuracy.
Platforms like Polymarket, Kalshi, and Crypto.com have seen a surge in trading volumes throughout 2024 and 2025. The concept has especially gained traction during global elections, economic changes, and sports events. If Coinbase enters this arena at scale, it could instantly dominate due to its large user base and U.S. regulatory reach.
Prediction markets may also integrate with AI-powered forecasting, creating high-value data streams for traders, researchers, and analysts.
Rivals Join the Race
Coinbase isn’t alone. Crypto.com recently launched its own prediction markets system, with plans to integrate with Trump Media’s ecosystem. Meanwhile, Gemini—the exchange founded by the Winklevoss twins—has applied to the CFTC for approval to become a designated contract market and launch its own “super app” featuring event-based trading.
As competition intensifies, prediction markets are quickly becoming one of crypto’s most lucrative sectors. With politics, sports betting, economic releases, and AI predictions now becoming tradeable assets, adoption is accelerating across both retail and institutional audiences.
Why Coinbase May Lead
Coinbase has several advantages that could make it the dominant prediction market provider:
✔ Strong regulatory standing in the U.S.
✔ Millions of verified users already onboarded
✔ Deep liquidity via USDC
✔ Custody infrastructure already in place
✔ Institutional reputation and partnerships
If Coinbase integrates prediction markets directly into its exchange, it could dramatically increase trading volumes, user retention, and daily engagement. Daily or hourly prediction events—ranging from inflation data to NBA scores—could become the next frontier of crypto-native engagement.
Market Outlook Ahead
Prediction markets are increasingly being seen as the future of financial speculation. They combine elements of futures, options, sports betting, and political analysis. With clear regulation, high liquidity, and strong user demand, prediction platforms could eventually rival traditional derivatives trading in size.
Coinbase’s entrance signals a legitimization of the sector—and possibly the beginning of institutional-backed event trading. If launched, its platform could even introduce leaderboards, analytics tools, or AI forecasting integrations, turning crypto trading into an interactive data-driven experience.
As the leak suggests, economics, sports, technology, politics, and science may soon become a tradeable asset class—not for speculation alone, but for information discovery and public forecasting.
Final Thoughts
The leaked developments suggest that Coinbase prediction markets are not just a feature—but part of a larger strategy. By merging USDC-backed event contracts, real-time data feeds, and regulated market structures, Coinbase may pioneer a financial layer never seen before in traditional markets.
With competitors like Gemini and Crypto.com entering the field, 2025 could mark the mainstream breakout of prediction markets. And with Coinbase at the center, this evolution could be powered by blockchain, backed by regulation, and fueled by information.