- Coinbase is planning a prediction market platform built on Kalshi’s regulated system.
- Users will be able to trade event-based contracts using USDC or USD across sports, politics, technology and more.
- Move reinforces Coinbase’s ambition 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 technology researcher Jane Manchun Wong indicate the crypto exchange is developing a fully branded interface where users can trade event-driven 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 reveal a prediction market site in development with clear branding and a user-friendly layout. The platform appears designed to operate through Coinbase Financial Markets, the exchange’s derivatives arm, in partnership with Kalshi, a Commodity Futures Trading Commission (CFTC)-regulated federal prediction market.
Working with a regulated venue gives Coinbase a compliant route to offer event-based trading in the United States—a crucial advantage for exchanges seeking to expand into this sector.
The screenshots suggest markets will span the economy, sports, science, politics and technology. The interface implies new markets will be added frequently, indicating Coinbase aims to keep the platform dynamic and engaging for participants.
The site also includes an FAQ section and onboarding guide, showing Coinbase’s intent to make the product accessible to both experienced traders and newcomers.
Strategy to become an “exchange for everything”
Coinbase has previously expressed a long-term goal to evolve into an “exchange for everything.” Adding prediction markets aligns with that ambition by giving users another way to engage with event-driven financial products.
The November partnership with Kalshi reportedly allows Coinbase to custody Kalshi’s USDC-based event contracts, further strengthening its position in the emergent market.
The move also mirrors a broader industry trend: major crypto exchanges are increasingly moving into prediction markets. Crypto.com recently launched a platform integrated with Trump Media, while Gemini filed with the CFTC for a designated contract market as part of its “super app” strategy.
Prediction markets saw explosive growth in 2024 and 2025, with platforms such as Kalshi and Polymarket reporting record activity as traders flocked to event-based markets ahead of major political, economic and cultural milestones.
Expanding global ambitions
This development comes alongside Coinbase’s recent international expansion. For example, Coinbase launched Coinbase Business in Singapore, a platform tailored to startups and small businesses.
The Singapore service supports instant USDC payments, global transfers and automated accounting integrations, backed by real-time SGD bank connections through Standard Chartered. By combining fiat and crypto services under clear regulatory frameworks, Coinbase positions itself as a reliable partner for companies navigating the evolving landscape of digital payments.
Together, these initiatives highlight Coinbase’s strategic focus on both innovative trading products and international markets. A Kalshi-backed prediction market would give Coinbase a foothold in one of crypto’s fastest-growing segments, while the Singapore expansion underscores its commitment to regulatory compliance and practical financial solutions for global customers.
As interest in prediction markets continues to rise, Coinbase’s entry could intensify competition and help normalize event-based trading as a mainstream financial offering.