Short Description
Coinbase launches prediction markets in all 50 US states, partnering with Kalshi. Users can now bet on sports, politics, and cultural events directly through the crypto exchange.
Read Time
2 minutes, 30 seconds
Main Article
Coinbase has officially rolled out its highly anticipated prediction markets offering across all 50 U.S. states, marking a significant expansion into the world of event-based trading. This strategic move, executed in partnership with prediction market platform Kalshi, allows Coinbase users to trade on “any real-world outcomes across sports, politics, culture and more.” This launch follows the cryptocurrency exchange’s December announcement of its ambitious plans to build onchain prediction markets, signaling a firm commitment to diversifying its platform beyond traditional digital assets.
The launch taps directly into the growing popularity of event contracts, where users can essentially bet on the probability of future occurrences. Platforms like Kalshi and competitors such as Polymarket have popularized this model, which uses crowd-sourced participation to assign odds to events ranging from election results to major sporting events like the upcoming Super Bowl. By integrating this functionality, Coinbase is positioning itself not just as a cryptocurrency exchange but as a broader financial hub, aligning with CEO Brian Armstrong’s vision of an “everything exchange.”
This push was further solidified by Coinbase’s recent acquisition of The Clearing Company, a key infrastructural piece for operating regulated prediction markets. The move is part of a larger strategy to offer stock trading, tokenized assets, and now, prediction markets under one roof. For U.S. users interested in finance and speculative markets, this creates a novel way to engage with real-world events using a familiar and established trading platform, blending crypto-native innovation with mainstream financial products.
Short Summary
Coinbase expands its services by launching prediction markets in partnership with Kalshi across the United States. This allows trading on event contracts for sports, politics, and culture, driven by the exchange’s acquisition of The Clearing Company. The move advances Coinbase’s strategy to become a comprehensive “everything exchange,” merging cryptocurrency with speculative event-based markets for a wider audience.
