Coinbase Developing Prediction Markets Platform, Early Look Reveals Kalshi Link

Trading activity on crypto-based forecasting platforms has climbed sharply this year, with services like Kalshi and Polymarket seeing noticeable growth. Amid this upward trend, Coinbase appears to be building its own prediction-market site. Images shared by a tech researcher suggest the project is already taking shape and may involve support from Kalshi.

Researcher Shows Early Look at Coinbase’s Prediction Market

A post on X on Tuesday from Jane Manchun Wong, a tech researcher, indicated that Coinbase is developing a prediction-market offering. She shared several images that highlight the platform’s interface and showcase key features and functionality.

• One screenshot indicated the product is linked to Coinbase Financial Markets, the derivatives arm of Coinbase Global, and displayed the service being delivered through Kalshi.
• Other screenshots displayed a familiar prediction-market layout with Coinbase branding, showing that users could trade using USDC or U.S. dollars and engage in areas such as current events and innovation.
• The visuals also included an FAQ section and a Coinbase-branded guide that explained how the market works and what participants need to know.

A few hours after releasing the material, Wong noted that public access to Coinbase Predictions had been removed following her disclosure.

Coinbase’s Broader Push Into Forecasting Tools

Meanwhile, in a July interview with CNBC, Max Branzburg, vice president of product, discussed Coinbase’s plan to launch a prediction market as part of its broader effort to build a comprehensive “everything app.” He explained that the company is bringing all types of assets on-chain, including stocks and prediction-market products, and is laying the groundwork for an economy that operates more efficiently, is easier for users to access, and is connected globally.

Building on this initiative, in November Coinbase strengthened its involvement by partnering with Kalshi, which selected Coinbase Custody to manage the safeguarding of its USDC.

Wong also noted that beyond prediction markets, Coinbase is developing features aimed at stock trading, reflecting a wider push into traditional financial tools.

Major Exchanges Expand Into Prediction Markets

Interest in prediction markets has accelerated quickly, leading several major crypto platforms to explore the sector either by collaborating with established providers or creating their own platforms. Gemini is taking a similar approach, preparing to introduce its own prediction-market product as part of a larger plan to develop a comprehensive super-app.

Co-founder Cameron Winklevoss recently expressed strong enthusiasm for the addition, saying the ability to form markets around almost any event opens up broad opportunities. Gemini confirmed last week that it has applied to the Commodity Futures Trading Commission to become a designated contract market in order to support this development.

At the same time, Trump Media recently partnered with Crypto.com to offer a prediction-markets platform, serving as a testament to the rising popularity of prediction markets as one of this year’s most in-demand crypto offerings.