- Coinbase is planning a prediction market platform built on the regulated infrastructure of Kalshi.
- Users will be able to trade using USDC or USD across events in sports, politics, technology, and more.
- The move aligns with Coinbase’s goal to become an “exchange for everything.”
Coinbase is preparing to enter the fast-growing prediction market sector by leveraging Kalshi’s regulated infrastructure to build its own branded platform.
Screenshots shared by tech researcher Jane Manchun Wong reveal that the cryptocurrency exchange is developing a full-featured, branded interface that will allow users to trade event-based contracts using USDC or U.S. dollars.
Coinbase is working on Prediction Market pic.twitter.com/0T3HwdXmDy
— Jane Manchun Wong (@wongmjane) November 18, 2025
Built on regulated infrastructure
The leaked images show a prediction market website under development, featuring Coinbase branding and a clean, user-friendly layout.
The platform is expected to operate through Coinbase Financial Markets, the exchange’s derivatives arm, in partnership with Kalshi, a federally regulated prediction market approved by the U.S. Commodity Futures Trading Commission (CFTC).
That regulatory backing positions Coinbase to offer event-based trading that complies with U.S. law, an important consideration for exchanges expanding into this space.
According to the screenshots, users will be able to trade markets spanning economics, sports, science, politics, and technology.
The interface suggests new markets will be added frequently, indicating Coinbase aims to keep the platform dynamic and engaging for participants.
The site also includes FAQ sections and onboarding guides, reflecting Coinbase’s intention to make the service accessible to both experienced traders and newcomers.
Coinbase’s strategy to become an “exchange for everything”
Coinbase has previously signaled its ambition to evolve into what it calls an “exchange for everything.”
Adding prediction markets aligns with that vision, providing users another way to engage with crypto-based financial products.
The partnership with Kalshi, announced in November, enables Coinbase to act as custodian for Kalshi’s USDC-based event contracts, further strengthening its position in this emerging market.
The move also mirrors a broader industry trend. Other major crypto exchanges have been actively pursuing prediction markets.
Crypto.com recently launched a platform integrated with Trump Media, and Gemini has filed with the CFTC to become a designated contract market as part of its effort to build a “super app.”
Prediction markets saw explosive growth in 2024 and 2025, with platforms such as Kalshi and Polymarket reporting record volumes as users increasingly turned to event-driven trading ahead of major political, economic, and cultural moments.
Expanding global ambitions
This development coincides with Coinbase’s recent international expansion, including the launch of Coinbase Business in Singapore, a platform aimed at startups and small businesses.
The Singapore offering provides instant USDC payments, global transfers, and automatic accounting integration, supported by real-time SGD banking rails through Standard Chartered.
By combining fiat and crypto under clear regulatory standards, Coinbase is positioning itself as a trusted partner for businesses navigating the evolving digital payments landscape.
Taken together, these moves highlight Coinbase’s strategic push into innovative trading products and international markets.
The prediction market platform powered by Kalshi would give Coinbase a foothold in one of the fastest-growing segments of the crypto economy, while the Singapore expansion underscores its commitment to regulatory compliance and practical financial solutions for a global user base.
As prediction markets continue to attract attention, Coinbase’s entry could intensify competition and further legitimize event-based trading as a mainstream financial offering.