Coinbase, the largest U.S. crypto exchange by trading volume, is reportedly just days away from revealing its move into prediction markets and tokenized stocks, according to Bloomberg.
Bloomberg reported Thursday that Coinbase plans to announce next week the launch of both prediction markets and tokenized equities, citing sources familiar with the matter. The exchange has scheduled a livestream for Wednesday to highlight new products, though it has not confirmed whether these specific offerings will be included.
The development follows nearly a month after tech researcher Jane Manchun Wong identified Coinbase landing pages in preparation for tokenized equities and Kalshi-powered prediction markets. Despite these signs, Coinbase has yet to officially release either product.
Coinbase joins prediction market coalition with Kalshi
Bloomberg’s report came the same day Coinbase joined the Coalition for Prediction Markets (CPM), a group formed by prediction market operators including Kalshi and Crypto.com.
“At Coinbase, our mission is to deliver financial freedom to the world — and prediction markets by nature democratize fact finding and the seeking of truth,” said Faryar Shizad, Coinbase’s chief policy officer.
Shizad also emphasized the CPM’s goal of engaging with policymakers to preserve access to prediction markets for U.S. users.
Founded in 2018 by MIT graduates Tarek Mansour and Luana Lopes Lara, Kalshi allows users to trade the outcomes of real-world events as if they were financial assets.
The platform has grown into a major player in the prediction market space, competing with operators like Polymarket and Opinion, and now sees roughly $1 billion in weekly trading volume, according to Dunedata figures from Dune Analytics.
Coinbase’s move into prediction markets comes as the sector experiences a surge, with weekly volumes reaching an all-time high of nearly $4 billion last week — though some experts have raised doubts about the accuracy of those numbers.
Rival exchanges have been accelerating their efforts to launch prediction markets. In October, Crypto.com announced a dedicated platform that will integrate with Trump Media. And on Wednesday, Gemini — the exchange founded by the Winklevoss twins — received approval from the Commodity Futures Trading Commission to operate prediction markets in the United States.
