Coinbase Leaks New Prediction Market Platform Backed by Kalshi — Is This the Next Big Crypto Boom?

Sean Williams
Coinbase

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  • Coinbase is developing a new prediction markets website backed by Kalshi.
  • The platform will support USDC and USD for event-based trading.
  • Prediction markets are becoming a major battleground for top crypto exchanges.

Coinbase is quietly preparing to enter the booming prediction markets sector, with new screenshots suggesting the exchange is developing a dedicated website for event-based trading. The discovery came from well-known tech researcher Jane Manchun Wong, who shared images on X showing what appears to be an in-development platform backed by prediction market operator Kalshi.

Coinbase Moves Toward an “Everything Exchange” Vision

The leaked screenshots display a polished interface featuring Coinbase branding, market listings, and an FAQ page explaining how users can participate in event contracts. One image specifically states the product is offered by Coinbase Financial Markets—its regulated derivatives division—leveraging Kalshi’s infrastructure.

This aligns with comments Coinbase gave earlier this year, confirming its intention to broaden into prediction markets as part of its push to build an “everything exchange” blending crypto, derivatives and real-world event trading.

Integration With Kalshi and USDC Support

Coinbase and Kalshi announced a formal partnership on Nov. 13, with Coinbase serving as custodian for Kalshi’s USDC-settled event contracts. Wong’s findings reinforce that the upcoming platform will support both USDC and U.S. dollars, giving traders a familiar on-ramp for participating in markets spanning economics, sports, politics, technology and science.

Early UI previews suggest that new events will be added frequently, mirroring the rapid-launch model used by dominant platforms like Polymarket and Kalshi.

Prediction Markets Become a Crypto Growth Engine

Prediction markets have exploded in popularity in 2024 and 2025, with surging volumes and increasing mainstream appeal. The trend has prompted major exchanges to enter the race. Crypto.com recently launched its own platform, while Gemini is preparing a prediction-driven “super app” and has even filed with the CFTC to operate as a designated contract market.

Also Read: Coinbase Ventures-Backed Supra Offers $1M Bounty to Beat Its Parallel EVM Execution Engine

With competition heating up, Coinbase’s entry could accelerate adoption among U.S. users, particularly given its regulatory footing and large customer base.

If the screenshots prove accurate, Coinbase’s prediction market rollout could mark one of the company’s most significant product expansions of the year. With demand for event-driven trading skyrocketing, Coinbase appears ready to stake its claim in a fast-moving sector increasingly merging crypto liquidity with real-world forecasting.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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