Coinbase is quietly preparing to enter the booming prediction market space with a new platform powered by Kalshi, a move that could bring event-based trading into the financial mainstream.
Key Takeaways
- Coinbase is developing a new prediction markets platform using Kalshi’s infrastructure, with early screenshots showing trading categories like politics, science, and sports.
- Users will be able to trade using USDC or U.S. dollars, tying the product to Coinbase’s stablecoin initiatives and broader push toward real-world use cases.
- The move comes as industry-wide prediction market volume surges, surpassing $2 billion in weekly trades across platforms like Kalshi and Polymarket.
- Competitors including Crypto.com and Gemini are also racing into the space, with Gemini applying for CFTC approval to launch a super app integrating prediction markets.
What Happened?
Screenshots shared by tech researcher Jane Manchun Wong revealed that Coinbase is building a branded prediction markets platform powered by Kalshi. The images show a Coinbase-branded website offering trading in various real-world events, with support for USDC and U.S. dollars. Though the companies have not officially commented, the move appears to be an extension of Coinbase’s recently announced partnership with Kalshi.
Coinbase is working on Prediction Market pic.twitter.com/0T3HwdXmDy
— Jane Manchun Wong (@wongmjane) November 18, 2025
Coinbase Expands into Regulated Prediction Markets
Coinbase’s upcoming platform will allow users to trade on the outcomes of real-world events, such as elections, inflation rates, sports results, and scientific developments. Screenshots show a sleek user interface with labeled categories, a built-in FAQ section, and onboarding tools designed to make prediction trading accessible.
The new offering will be facilitated through Coinbase Financial Markets, the company’s regulated derivatives arm, and will rely on Kalshi’s infrastructure. Kalshi is a U.S. Commodity Futures Trading Commission (CFTC)-regulated event contracts exchange, which ensures that trades made on the platform meet U.S. regulatory standards.
This move follows a formal collaboration between Coinbase and Kalshi announced on November 13, where Coinbase was named as the custodian for USDC-based event contracts on Kalshi’s platform. At the time, Coinbase emphasized its goal to build an “everything exchange” that spans crypto, derivatives, and traditional financial tools.
A Timely Bet as Industry Volumes Explode
The timing of Coinbase’s entry is critical. Prediction markets are experiencing unprecedented growth, with weekly volumes on Kalshi and Polymarket alone crossing the $2 billion mark. These platforms are attracting users eager to speculate on real-world events, from U.S. elections to economic data.
Other major crypto players are also getting in on the action:
- Crypto.com has begun offering its own prediction market, reportedly integrating with Trump Media.
- Gemini recently filed with the CFTC to become a designated contract market, signaling plans to launch a super app that includes prediction trading.
By leveraging Kalshi’s compliance-ready framework, Coinbase positions itself to offer a fully regulated prediction market to its massive user base. The integration of USDC, a stablecoin developed by Circle and heavily promoted by Coinbase, adds a layer of utility and trust for users concerned about volatility.
CoinLaw’s Takeaway
I think this move is a big deal. Coinbase entering the prediction market space with Kalshi could be the bridge between crypto innovation and traditional financial regulation that this niche has needed. In my experience, prediction markets have always danced on the regulatory edge, and that’s held them back. Now, with CFTC oversight and a trusted brand like Coinbase stepping in, this might finally go mainstream.
I also found it fascinating that they’re tying it to USDC. This could drive real demand for stablecoins and offer a use case that even skeptics can understand. If Coinbase plays its cards right, this could be a game-changing feature on its platform.
