"Coinbase is reportedly preparing to launch its own prediction markets, powered by U.S.-based operator Kalshi, in a move that could expand the types of assets available on the exchange amid cooling investor interest in cryptocurrencies, according to reporting from Bloomberg and CNBC. The announcement is expected to come next week, coinciding with Coinbase's "Coinbase System Update" showcase on Dec. 17. While the exchange declined to confirm specifics, it encouraged users to tune into the livestream for updates."
"Coinbase's moves align with CEO Brian Armstrong's long-stated vision of building an "everything exchange" - a single platform offering access to crypto tokens, tokenized equities, and event-based contracts. Armstrong told investors in May that Coinbase aims to become a leading financial services app within the next decade. The exchange is accelerating these initiatives amid rising competition from firms such as Robinhood, Gemini, and Kraken Over the past year, these platforms have expanded tokenized stock offerings outside the U.S. and explored prediction markets,"
Coinbase plans to launch prediction markets powered by U.S.-based operator Kalshi, expanding the range of tradable assets and potentially adding tokenized stocks. The launch is expected to coincide with Coinbase's December 17 "Coinbase System Update" showcase, and the exchange encouraged users to watch the livestream for details. A leaked dashboard screenshot and prior disclosures signaled the initiative. CEO Brian Armstrong envisions an "everything exchange" offering crypto tokens, tokenized equities, and event-based contracts. Rising competition from other platforms and cooling investor sentiment in crypto are accelerating diversification efforts. Kalshi aims to integrate event contracts into mainstream trading platforms.
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