Coinbase Developing Prediction Markets Website, Tech Researcher Claims
found by tech researcher Jane Manchun Wong on November 18 showed that Coinbase is working on a separate prediction markets platform that will use the technology and rules of Kalshi, a federally regulated prediction market operator.
Wong, who is notorious for finding unreleased tech features, shared pictures of a Coinbase-branded website that had onboarding tutorials and FAQ sections that explained how prediction markets work.
How The Platform Will Operate
It looks like the upcoming product will launch under Financial Markets, which is Coinbase’s derivatives section, with assist from Kalshi’s infrastructure. The leaked pictures show a strong marketplace interface that supports both US dollars and USDC.
Economics, politics, sports, science, and technology are some of the market categories that are projected to be added to on a regular basis. Kalshi runs the platform in a way that follows the strict rules and event contract frameworks.
One interesting thing about the partnership is that Coinbase is already holding Kalshi’s USDC reserves. They made this official in mid-November. This means that Coinbase will keep user funds secure at a level that is acceptable for businesses, with features like cold storage and separate account structures that make the event trading process even more trustworthy.
Strategic Reasons and Effects on the Industry
Coinbase wants to add prediction markets as part of its larger goal to become an “everything platform,” where people can purchase and trade not only cryptocurrencies but also , derivatives, and now event-based contracts.
Max Branzburg, the company’s Vice President of Product, had already hinted that these changes were in the works and were meant to “bring all assets on-chain.”
The timing is significant because interest in event-based trading is growing rapidly. For example, Kalshi and hit record volumes of over $7 billion in October 2025.
Coinbase’s proactive move could assist it gain a significant share of the rapidly growing prediction markets segment, especially since other platforms like Crypto.com and Gemini are also entering the space.
Advantages Over Competition
This Coinbase-Kalshi relationship has some unique features that other services don’t have:
- More security thanks to verification on the blockchain
- Accessibility for both retail and institutional investors
- Market efficiency and quicker price discovery
- Real-time settlement and fund management using and U.S. dollars
Coinbase uses its compliance expertise and large customer base to add prediction markets to its product line. Kalshi, on the other hand, provides battle-tested market infrastructure and regulatory status. Coinbase hasn’t said anything publicly about the platform’s rollout yet.
Still, the leaked screenshots and its ongoing partnership with Kalshi show that it’s taking a large step toward making regulated prediction markets a standard financial product. As the sector continues to grow, this project is positioned to merge the trust of regulated finance with the flexibility and reach of on-chain answers.
