Coinbase Set to Launch Prediction Markets Platform Supported by Kalshi: Leaked Screenshots Reveal

Coinbase is seemingly preparing to roll out its own prediction markets platform, as indicated by recently leaked screenshots shared by tech researcher Jane Manchun Wong.

Key Takeaways:

Leaked images reveal that Coinbase is working on a prediction markets platform utilizing Kalshi's regulated framework.
The platform appears to facilitate trading in USDC or USD across various domains, including economics, politics, and sports.
By launching this service, Coinbase will join competitors like Crypto.com and Gemini in the flourishing prediction market industry.

The visuals highlight Coinbase’s initiative to create a site specifically for this service, which is set to function via Kalshi— a federally regulated prediction market authorized by the U.S. Commodity Futures Trading Commission (CFTC).

Coinbase Set to Launch Prediction Markets Platform Supported by Kalshi: Leaked Screenshots Reveal

Coinbase’s Prediction Market Initiative via Kalshi

Wong, recognized for revealing unreleased features from major tech entities, shared screenshots on X showcasing Coinbase-branded prediction market interfaces, including a FAQ section and onboarding documentation.

One screenshot indicates the service is offered by Coinbase Financial Markets, the derivatives division of the exchange, "through Kalshi," suggesting a reliance on Kalshi’s regulatory standards.

Coinbase has previously expressed interest in prediction markets. In July, the company informed CNBC about its plans to introduce prediction capabilities as part of its ambition to become an "everything exchange."

This vision became more evident on November 13 when Coinbase partnered with Kalshi, which allowed them to act as custodians for Kalshi’s USDC-based event contracts.

The leaked images depict a traditional prediction market interface featuring Coinbase’s branding, suggesting that users could trade using USDC or U.S. dollars.

The interface menu includes categories like economics, sports, science, politics, and technology, with indications that new markets will be introduced regularly.

Coinbase Prediction Markets Interface

The prediction markets landscape has experienced remarkable growth in 2024 and 2025, with platforms such as Kalshi and Polymarket seeing record trading volumes as users engage in event-based trading in anticipation of significant political, economic, and cultural events.

Exchanges have swiftly recognized this trend. For instance, Crypto.com recently launched its own prediction market product in collaboration with Trump Media, while Gemini announced last week that it is developing a similar platform as part of its upcoming “super app.”

Gemini has also applied to become a designated contract market with the CFTC, a crucial step for offering regulated event contracts.

If these screenshots are accurate, Coinbase will become the latest prominent exchange to venture into the rapidly growing prediction market space.

Coinbase Expands with New Business Platform in Singapore

In other news, Coinbase has introduced Coinbase Business in Singapore, marking the crypto exchange's first international launch of its business-oriented platform.

This initiative provides local startups and small businesses with access to instant USDC payments, global transfers, automated accounting integrations, and a range of tools designed for the daily management of digital assets.

This launch builds on Coinbase’s partnership with the Monetary Authority of Singapore through the BLOOM Initiative, which aims to enhance compliant cross-border digital payments.

The platform facilitates USDC-based global payouts, reduces costs for international transactions, and offers an API for automated payroll and vendor management, all supported by real-time SGD banking services through Standard Chartered.

Coinbase stated that this launch supports the vibrant innovation economy of Singapore by providing a comprehensive financial stack that integrates both fiat and crypto under clear regulatory guidelines.