Coinbase Developing Prediction Market With Kalshi

Coinbase Builds Prediction Market Platform Backed by Kalshi

Written by Aaron S.,

Editor-In-Chief

Last Updated: November 19, 2025

Key Takeaways

Coinbase appears to be developing a prediction market website powered by Kalshi, according to screenshots shared by tech researcher Jane Wong;
The leaked screenshots show a Coinbase-branded interface with markets covering topics like politics, sports, science, and the economy;
This project aligns with Coinbase’s earlier statement about launching prediction markets as part of its plan to become an "everything exchange".

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Technology researcher Jane Manchun Wong has shared that Coinbase $2.79B appears to be building a new website for prediction markets.

Wong posted screenshots on X that seem to show Coinbase’s involvement in the project.

The screenshots include a message stating that the service is provided by Coinbase Financial Markets, a Coinbase Global branch that handles derivatives.

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The images also reference Kalshi, a regulated prediction market platform that would likely power the new service.

The screenshots show a website that looks similar to other prediction platforms but is branded Coinbase. It includes a basic market interface, an FAQ page, and a short guide describing how the platform works.

Based on the shared images, Coinbase’s upcoming platform might support both USDC USDC $1.00 and US dollar transactions. The markets shown in the screenshots cover a range of topics, including the economy, sports, science, politics, and technology.

Wong has a history of finding hidden or upcoming product features on websites like Facebook, Instagram, and X by examining public code.

This development follows Coinbase’s comments to CNBC in July, in which the company said it planned to introduce prediction markets as part of its goal to build an "everything exchange". On November 13, Coinbase announced a partnership with Kalshi by becoming the custodian for Kalshi’s event contracts settled in USDC.

Recently, Coinbase launched a new service that allows US retail investors to participate in regulated initial cryptocurrency offerings (IPOs). How does the service work? Read the full story.