Coinbase is set to spotlight new products during a livestream scheduled for next week, following its entry into a prediction market coalition alongside Kalshi and other U.S.-based operators, according to a Bloomberg report.
The largest U.S. cryptocurrency exchange by trading volume is expected to be days away from unveiling prediction markets and tokenized stocks, Bloomberg reported on Thursday, citing sources familiar with the plans.
When contacted for comment, a Coinbase spokesperson confirmed that the company will host a product showcase livestream on Wednesday, but stopped short of confirming whether prediction markets or tokenized equities will be formally launched during the event.
The development follows a report from tech researcher Jane Manchun Wong, who said last month that Coinbase was preparing landing pages related to tokenized equities and Kalshi-powered prediction markets. Despite the preparations, Coinbase has not yet officially released either product.
Coinbase joins prediction market coalition
Bloomberg’s report coincided with Coinbase becoming a member of the Coalition for Prediction Markets (CPM), a newly formed group announced by Kalshi and Crypto.com.
“At Coinbase, our mission is to deliver financial freedom to the world, and prediction markets naturally support transparent fact-finding and truth-seeking,” said Faryar Shizad, Coinbase’s chief policy officer.
He added that the coalition aims to work closely with policymakers to ensure continued 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 outcomes of real-world events in a structure similar to financial markets. The platform has grown into one of the largest prediction market operators, competing with rivals such as Polymarket and Opinion.
According to data from Dune Analytics, Kalshi processes roughly $1 billion in weekly trading volume.
Prediction market activity surges
Coinbase’s potential entry into prediction markets comes amid rapid growth in the sector. Weekly trading volumes across prediction markets recently surged to nearly $4 billion, marking a new record, although some analysts have raised concerns over the accuracy of reported figures.
Competition among exchanges has intensified. Crypto.com announced in October that it was launching a dedicated prediction market platform, while earlier this week, the Winklevoss twins–founded exchange Gemini received approval from the U.S. Commodity Futures Trading Commission to offer prediction markets domestically.
