Coinbase is preparing to launch a prediction market to allow its crypto clients to bet on events such as elections and sports, according to two people familiar with the matter. The market will be powered by prediction market company Kalshi and will put Coinbase in a booming but increasingly crowded field.
Coinbase, the largest U.S. crypto exchange, is set to share details about its prediction market and other products at a Dec.17 event called Coinbase System Update, one of the people said. Tech researcher Jane Manchun Wong first shared a screenshot of Coinbase’s prediction market on X, which shows bets on Fed decisions, crypto prices and news events.