Coinbase set to launch prediction market powered by Kalshi
According to sources cited by CNBC, Coinbase is preparing to launch a fully integrated prediction market in partnership with Kalshi, the CFTC-regulated platform known for event-based contracts.
The move marks a major expansion of Coinbase’s asset ecosystem, bringing real-world event trading into the crypto environment.
While the partnership is officially non-exclusive, Kalshi will be the sole prediction market operator working with Coinbase, giving it a central role in the exchange’s new product line.
Sources indicate the announcement could be made as early as next week.
New product expected at Coinbase’s “System Update” event on December 17
Coinbase is reportedly planning to unveil the new prediction market product during its upcoming “Coinbase System Update” event on December 17.
According to CNBC’s sources, the company will also announce another major milestone:
tokenized stock offerings on Coinbase.
If confirmed, this would place Coinbase among the first major U.S. crypto exchanges to bring tokenized equities to a regulated environment — a move that could significantly broaden its global market reach.
Why prediction markets matter for crypto platforms
Prediction markets have long been seen as a powerful financial primitive that merges:
• real-world events
• decentralized finance
• risk markets
• public sentiment forecasting
By integrating Kalshi — which already operates under U.S. regulatory oversight — Coinbase can offer legally compliant event-based markets that traditional crypto platforms have avoided due to regulatory risk.
This gives Coinbase:
• a new category of tradeable assets
• deeper market engagement
• competitive differentiation from other exchanges
• an opportunity to bring real-world event speculation into a regulated crypto environment
Macro Insight: Convergence of traditional finance and crypto accelerates
The potential launch of tokenized stocks alongside prediction markets reflects a broader macro trend:
regulated exchanges are merging traditional financial products with crypto-native infrastructure.
Tokenized equities introduce:
• 24/7 market access
• on-chain settlement
• global investor reach
• fractional ownership
Prediction markets introduce:
• real-time price discovery for real-world outcomes
• new hedging mechanisms
• new speculative markets beyond tokens
Together, they position Coinbase not just as a crypto exchange — but as a hybrid financial marketplace.
BTCUSA Outlook
We view Coinbase’s upcoming announcements as a significant evolution of its product strategy.
If Coinbase launches:
• a regulated prediction market, and
• tokenized stocks
— it could become one of the most comprehensive trading platforms bridging traditional and digital markets.
We expect:
• increased institutional interest in tokenized assets
• deeper liquidity in on-chain financial products
• heightened competition with neobrokers like Robinhood
• a new wave of innovation across U.S.-compliant prediction markets
This expansion could redefine Coinbase’s role within the global financial ecosystem.
