Coinbase is preparing to launch its own prediction market in partnership with Kalshi, according to sources familiar with the matter.
The collaboration aims to diversify the offerings on the cryptocurrency exchange by allowing users to trade event contracts alongside digital assets.
While the deal is not exclusive, Kalshi will initially be the sole operator powering this new feature upon launch.
Rumors of the product have circulated for weeks, with leaks suggesting an official announcement could come as early as next week during a scheduled company event.
This move aligns with Coinbase CEO Brian Armstrong vision of transforming the platform into an “everything exchange” that offers a wide range of financial services including tokenized stocks.
The expansion comes as competition heats up with rivals like Robinhood and Kraken already exploring similar markets.
It also arrives at a time when crypto market volatility has led some investors to seek alternative asset classes.
For Kalshi, this partnership represents another significant step in integrating its prediction markets into mainstream brokerages, following a similar integration with Robinhood earlier this year.
Key Takeaways:
- Coinbase will launch prediction markets powered by Kalshi.
- The feature supports Coinbase’s goal to become an “everything exchange.”
- An official announcement is expected at a company event next week.
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