Coinbase taps Kalshi to develop prediction markets platform

• Coinbase plans a prediction markets platform using Kalshi’s regulated system.
• Users can trade USDC or USD across sports, politics, and tech events.
• Move aligns with Coinbase’s goal to become an “everything exchange.”

Coinbase is preparing to enter the rapidly growing prediction markets sector, leveraging the regulated infrastructure of Kalshi to build its own platform.

Screenshots shared by tech researcher Jane Manchun Wong suggest the cryptocurrency exchange is creating a fully branded interface that would allow users to trade event-based contracts using USDC or US dollars.

Coinbase is working on Prediction Market pic.twitter.com/0T3HwdXmDy

— Jane Manchun Wong (@wongmjane) November 18, 2025

Coinbase builds on regulated infrastructure

The leaked images reveal a prediction markets website under development by Coinbase, featuring its branding and a clean, user-friendly layout.

The platform is set to operate through Coinbase Financial Markets, the exchange’s derivatives arm, in partnership with Kalshi, a federally regulated prediction market approved by the Commodity Futures Trading Commission (CFTC).

This regulatory backing positions Coinbase to offer legally compliant event-based trading in the United States, which has become a critical consideration for exchanges seeking to expand into this sector.

According to the screenshots, users will be able to trade on events spanning economics, sports, science, politics, and technology.

The interface hints that new markets will be introduced frequently, suggesting that Coinbase aims to maintain a dynamic and engaging platform for participants.

The website also includes a FAQ section and an onboarding guide, reflecting Coinbase’s intent to make the service accessible to both experienced traders and newcomers.

Coinbase’s strategy to become an “everything exchange”

Coinbase has previously indicated its ambition to evolve into what it calls an “everything exchange.”

Adding prediction markets aligns with this goal, providing users with another avenue to engage in crypto-based financial products.

The partnership with Kalshi, announced in November, allows Coinbase to act as custodian for Kalshi’s USDC-based event contracts, further solidifying its foothold in this emerging market.

The move also reflects the broader industry trend. Other major crypto exchanges have been moving aggressively into prediction markets.

Crypto.com recently launched a platform integrated with Trump Media, while Gemini has filed with the CFTC to become a designated contract market as part of its effort to create a “super app.”

Prediction markets have witnessed explosive growth in 2024 and 2025, with platforms such as Kalshi and Polymarket reporting record volumes as users increasingly turn to event-based trading ahead of major political, economic, and cultural moments.

Expanding global ambitions

This development comes alongside Coinbase’s recent international expansion with the launch of Coinbase Business in Singapore, a platform designed for startups and small businesses.

The Singapore platform offers instant USDC payments, global transfers, and automated accounting integrations, supported by real-time SGD banking rails via Standard Chartered.

By blending 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 demonstrate Coinbase’s strategic push into both innovative trading products and international markets.

The prediction markets platform, backed by Kalshi, gives Coinbase a foothold in one of the fastest-growing segments of the crypto economy, while the Singapore expansion highlights its commitment to regulatory compliance and practical financial solutions for global users.

As prediction markets continue to attract interest, Coinbase’s entry into the sector could intensify competition and further validate event-based trading as a mainstream financial offering.