Coinbase working on prediction markets website, tech researcher says
Analysis
Price Impact
HighCoinbase, a major crypto exchange, launching a prediction market platform backed by kalshi and using usdc for contracts significantly increases the utility and demand for usdc, potentially driving its adoption and usage across a wider user base.
Trustworthiness
HighThe information comes from jane manchun wong, a tech researcher with a strong track record of discovering unreleased features, and aligns with coinbase's previously stated intentions to enter prediction markets and its partnership with kalshi.
Price Direction
BullishIncreased utility and integration into a new, potentially high-volume financial product by a reputable exchange like coinbase will likely boost demand for usdc, as it becomes the primary asset for engaging with these prediction markets.
Time Effect
LongWhile the news creates immediate positive sentiment, the full impact of increased demand and widespread adoption for usdc through this platform will unfold gradually as the platform matures, gains users, and introduces more markets over time.
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Stephen Katte 4 minutes ago Coinbase working on prediction markets website, tech researcher says Tech researcher Jane Manchun Wong, who has discovered unreleased features on Facebook and X, has found that Coinbase is working on a prediction markets website. Listen 0:00 33 News COINTELEGRAPH IN YOUR SOCIAL FEED Crypto exchange Coinbase is working on creating a website for a prediction markets platform, which screenshots show will be backed by Kalshi. Jane Manchun Wong, a tech researcher and blogger known for discovering in-development features on Big Tech sites, posted to X on Tuesday that Coinbase is “working on a prediction market,” and shared multiple screenshots apparently showing the platform. In one screenshot, it states that the prediction market is offered by Coinbase Financial Markets, the derivatives arm of Coinbase Global, through the prediction market Kalshi. The other images show a typical prediction market interface splashed with Coinbase’s logo, along with an FAQ section and a branded guide explaining the offering. Source: Jane Manchun Wong Coinbase told CNBC in July that it plans to offer prediction markets as part of its bid to create an “everything exchange.” Coinbase and Kalshi partnered on Nov. 13, with the exchange acting as the custodian for Kalshi’s USDC ( USDC )-based event contracts. Coinbase and Kalshi didn’t immediately respond to a request for comment. Wong is known for discovering unreleased features from platforms, including Facebook, Instagram, and X, by scouring a website’s public source code for clues. In the screenshots shared by Wong, Coinbase is apparently set to allow USDC or US dollars on the prediction markets, set to include events pertaining to economics, sports, science, politics, and technology. It also hints that new markets will be added regularly. Related: From South Park to Wall Street: Are prediction markets going mainstream? Prediction markets have become one of the hottest crypto offerings this year, with volumes on platforms such as Kalshi and Polymarket surging. Many of Coinbase’s crypto exchange rivals have also been looking to cash in on the trend by partnering with existing platforms or developing their own offerings. Crypto.com recently started offering a prediction markets platform, which is set to be integrated with Trump Media. Crypto exchange Gemini is also planning to launch a prediction markets platform as part of an initiative to create a “super app,” and said last week that it filed to become a designated contract market with the Commodity Futures Trading Commission to offer the platform. Magazine: 2026 is the year of pragmatic privacy in crypto: Canton, Zcash and more # Blockchain # Coinbase # Business # Adoption # Predictions # Social Media Add reaction