- Coinbase plans to build a prediction markets platform using the regulated Kalshi system.
- Users will be able to trade using USDC or USD on sports, political, technology, and other event-based markets.
- The move aligns with Coinbase’s goal to become an “exchange for everything.”
Coinbase is preparing to enter the rapidly expanding prediction markets sector by leveraging Kalshi’s regulated infrastructure to launch its own branded platform.
Screenshots shared by technology researcher Jane Manchun Wong indicate the crypto exchange is developing a fully branded, user-friendly interface that will allow customers to trade event-based contracts denominated in 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 Coinbase’s in-development prediction markets site with clear branding and a clean, intuitive layout designed for a broad audience.
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 enables Coinbase to offer legally compliant event-based trading in the U.S., a crucial advantage for exchanges expanding into this space.
According to the screenshots, users will be able to trade on events spanning economics, sports, science, politics and technology.
The interface suggests that new markets will open frequently, indicating Coinbase intends to maintain a dynamic and engaging venue for participants.
The site also includes an FAQ section and an onboarding guide, signaling a focus on accessibility for both experienced traders and newcomers.
Part of Coinbase’s “exchange for everything” strategy
Coinbase has previously outlined ambitions to evolve into what it calls an “exchange for everything.”
Adding prediction markets advances that goal by offering users another pathway to engage with financial products built around crypto-denominated assets.
The Kalshi partnership, announced in November, allows Coinbase to act as custodian for Kalshi contracts denominated in USDC, further strengthening its position in this emerging market.
The move also mirrors a broader trend across the industry, with other major crypto exchanges expanding into prediction markets.
For example, Crypto.com recently launched a platform integrated with Trump Media, and Gemini has filed with the CFTC for designation as a contract market as part of efforts to build a multi-featured application.
Prediction markets experienced rapid growth across 2024 and 2025, with platforms such as Kalshi and Polymarket reporting record volumes as traders increasingly turned to event-based markets ahead of major political, economic and cultural milestones.
Expanding global ambitions
This initiative coincides with Coinbase’s recent international expansion, including the launch of Coinbase Business in Singapore — a platform tailored for startups and SMEs.
The Singapore offering provides instant USDC payments, global transfers and automated accounting integrations, supported by real-time SGD banking rails through Standard Chartered.
By combining fiat and crypto services under clear regulatory frameworks, Coinbase is positioning itself as a dependable partner for businesses navigating the changing world of digital payments.
Taken together, these moves illustrate Coinbase’s strategic push into innovative trading products and international markets.
A Kalshi-backed prediction markets platform gives 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 services for global users.
As prediction markets continue to attract interest, Coinbase’s entry could intensify competition and help move event-driven trading further into the mainstream financial landscape.