Coinbase Set to Launch Prediction Markets Platform, According to Tech Researcher

Coinbase working on prediction markets website, tech researcher says

Summary:
Coinbase is reportedly developing a prediction markets website, significantly expanding its financial services. Tech researcher Jane Manchun Wong shared details and screenshots demonstrating that the platform would operate alongside Kalshi, allowing users to engage in various prediction markets.

Key Takeaways:

Coinbase is working on a prediction markets platform linked to Kalshi.
Users may place predictions using USDC or U.S. dollars across multiple categories, including politics and sports.
This initiative is part of Coinbase's vision to become an all-encompassing exchange.
Competitors like Crypto.com and Gemini are also entering the prediction market space.

Coinbase's New Venture Into Prediction Markets

Crypto exchange Coinbase is in the process of developing a prediction markets platform. Tech researcher and blogger Jane Manchun Wong shared insights via X, featuring several screenshots that appear to showcase the upcoming service.

Screenshots Reveal Functionalities

Wong's first screenshot indicates that the prediction market will be managed by Coinbase Financial Markets, which is the derivatives section of Coinbase Global. Additional images present a user-friendly interface branded with the Coinbase logo, FAQ sections, and a guide explaining its services.

Coinbase, Predictions, Social Media
Source: Jane Manchun Wong

In a statement to CNBC back in July, Coinbase revealed its intention to include prediction markets in its plan to evolve into an "everything exchange." Coinbase partnered with Kalshi on November 13, making it the custodian for Kalshi's event contracts that are based on USDC.

What Wong Knows About Predictive Features

Wong is recognized for discovering unreleased features across platforms such as Facebook, Instagram, and X by analyzing public source codes for clues. The images she shared suggest that Coinbase will facilitate bet placements in USDC or U.S. dollars on its prediction markets, covering topics like economics, sports, science, politics, and technology. Additionally, it appears that new markets will be introduced over time.

Rising Popularity of Prediction Markets

This year, prediction markets have emerged as one of the most popular offerings in the crypto sector, with trading volumes on platforms like Kalshi and Polymarket seeing significant increases. Competitors in the crypto exchange industry are also attempting to capitalize on this trend by either partnering with established platforms or creating their own solutions.

For instance, Crypto.com recently launched its prediction markets platform, planning to integrate it with Trump Media. Gemini, another crypto exchange, is set to unveil its prediction markets as part of its ambition to develop a "super app." Last week, Gemini announced it had filed to become a designated contract market with the Commodity Futures Trading Commission to facilitate its prediction markets.

Magazine: 2026 is the Year of Pragmatic Privacy in Crypto: Canton, Zcash, and More