Crypto exchange Coinbase is developing a website for a prediction markets platform, with screenshots indicating it will be powered by Kalshi.
Jane Manchun Wong, a tech researcher known for uncovering in-development features from major tech companies, posted on X Tuesday that Coinbase is “working on a prediction market,” sharing several screenshots that appear to show the new platform.
One screenshot states that the offering comes via Coinbase Financial Markets — the derivatives division of Coinbase Global — and is delivered through prediction market provider Kalshi.
Other images depict a standard prediction market interface featuring Coinbase branding, along with an FAQ section and a branded guide explaining how the platform works.
Coinbase told CNBC in July that it plans to introduce prediction markets as part of its push to build an “everything exchange.” The company partnered with Kalshi on Nov. 13, with Coinbase serving as custodian for Kalshi’s USDC-based event contracts.
Neither Coinbase nor Kalshi immediately responded to requests for comment.
Wong, known for uncovering unreleased features on platforms like Facebook, Instagram, and X by analyzing public source code, shared screenshots indicating Coinbase may allow users to participate using USDC or U.S. dollars. The markets appear set to cover a wide range of topics, including economics, sports, science, politics, and technology, with new markets added regularly.
Prediction markets have surged in popularity this year, with platforms such as Kalshi and Polymarket seeing rising volumes.
Many of Coinbase’s competitors are also moving to capitalize on the trend. Crypto.com recently launched its own prediction markets platform, which is expected to integrate with Trump Media. Gemini is also developing a prediction markets offering as part of its planned “super app,” and said last week that it has applied to become a designated contract market with the Commodity Futures Trading Commission.
