Coinbase Set to Launch Prediction Markets Powered by Kalshi at December System Update

Coinbase is preparing to unveil a major new feature that could significantly expand its platform beyond traditional cryptocurrency trading. Although the exchange has not yet fully confirmed the details, reports suggest that Coinbase will introduce prediction markets powered by Kalshi, with an official announcement expected as early as next week during its “Coinbase System Update” event scheduled for December 17.

According to available information, the partnership between Coinbase and Kalshi will be non-exclusive, but Kalshi is expected to act as the sole prediction market operator integrated directly into Coinbase’s platform. Kalshi is a U.S.-regulated prediction market, which means the new offering will operate within an established compliance framework. This regulatory alignment is likely to be a key factor in Coinbase’s strategy, as it seeks to introduce innovative financial products while meeting strict U.S. oversight requirements.

The new prediction markets feature would allow users to trade contracts based on real-world events. These could include outcomes tied to economic indicators, political developments, and other data-driven events that traditionally sit outside the crypto ecosystem. By enabling users to speculate on and hedge against real-world outcomes, Coinbase could open the door to a broader class of traders, including those interested in macroeconomic trends rather than only digital assets.

The expected launch also aligns with Coinbase’s wider ambition to evolve into a multi-asset financial marketplace. During the same system update event, the company is anticipated to reveal additional features, including plans related to tokenized stock offerings. Together, these initiatives signal a shift in Coinbase’s long-term vision, positioning the exchange as a comprehensive platform where crypto, equities, and event-based markets coexist.

By integrating prediction markets through Kalshi, Coinbase stands to diversify its revenue streams and increase user engagement at a time when competition among exchanges is intensifying. If confirmed, this move could mark a significant milestone in the convergence of traditional finance, regulated derivatives, and crypto-native platforms, reinforcing Coinbase’s role as a key innovator in the digital asset industry.