Coinbase Prepares Prediction Markets Inside Its Platform

Coinbase keeps edging closer to a much bigger idea than a crypto exchange. A new internal prediction market, built with Kalshi technology, sits right at the center of that shift and could reshape how users trade events alongside digital assets.

Good to Know

• Coinbase plans to power prediction markets using Kalshi technology
• A formal reveal is expected during the Coinbase System Update event on Dec. 17
• Kalshi remains the only prediction market provider working with Coinbase

A platform that wants to be more than crypto

Behind the scenes, Coinbase has spent months testing ways to widen what users can trade inside one account. Prediction markets fit neatly into that plan. According to a source cited by CNBC, Coinbase is preparing to roll out an internal prediction market powered by Kalshi, with a formal announcement expected later this week.

The push comes from a simple goal. Coinbase wants more than spot crypto and derivatives. Leadership has openly talked about building an everything exchange, where tokens, tokenized stocks, and event driven contracts all live side by side. Prediction markets check several boxes at once. They add new trading activity, pull in different users, and keep people engaged beyond price charts.

A public debut is expected during the Coinbase System Update event scheduled for Dec. 17. Coinbase declined to comment ahead of the event, but a spokesperson encouraged viewers to tune in. Timing for user access remains unclear.

Rumors that refused to fade

Speculation around prediction markets inside Coinbase did not appear overnight. In mid November, chatter accelerated after a Silicon Valley researcher posted what appeared to be a Coinbase prediction markets interface on X on Nov. 18. The screenshot circulated quickly, adding fuel to reports that internal testing had already begun.

Since then, talk has centered on Kalshi as the technology partner. While the relationship will not be exclusive in theory, Kalshi stands as the only prediction market provider currently working with Coinbase. That detail matters. It suggests a tightly controlled rollout rather than an open marketplace of providers.

Why Kalshi fits the plan

Kalshi brings more than technology. The firm already operates regulated event contracts and has spent years building credibility around how prediction markets function. For Coinbase, that background lowers friction at a time when regulatory attention around financial products keeps rising.

Kalshi also plays a growing role in industry coordination. Alongside Crypto.com, Robinhood, Coinbase, and Underdog, Kalshi helped form the Coalition for Prediction Markets. The group presents itself as a unified voice supporting transparency, market integrity, and consumer protection, while pushing back on misinformation about prediction markets and how regulation applies.

That advocacy layer lines up well with Coinbase long term positioning. As new asset types enter mainstream trading apps, public trust and clear rules carry more weight than ever.

Competition waits on the sidelines

Prediction markets inside Coinbase would not launch into a quiet field. Other major platforms already circle similar territory. Robinhood continues to test new trading formats. Gemini and Kraken keep expanding beyond basic crypto offerings. Each platform wants users to stay longer and trade more within a single ecosystem.

FAQ

What is Coinbase planning to launch?

Coinbase is preparing an internal prediction market built using Kalshi technology, according to a source cited by CNBC.

When will Coinbase announce the product?

A formal announcement is expected during the Coinbase System Update event on Dec. 17.

Will Kalshi be the only prediction market provider?

Yes. While the partnership is not exclusive on paper, Kalshi is the only prediction market provider working with Coinbase at launch.

Are prediction markets already live for users?

No confirmed launch date for user access has been shared.

Why does Coinbase want prediction markets?

Prediction markets support the broader goal of turning Coinbase into an everything exchange where multiple asset types trade in one place.