Cryptocurrency exchange Coinbase is working on creating a website for a prediction markets platform, according to a technology researcher who posted screenshots that apparently indicate it will be backed by Kalshi.
Jane Manchun Wong, a technology researcher and blogger known for discovering features in development on Big Tech sites, posted on X on Tuesday that Coinbase is “working on a prediction market” and shared several screenshots apparently showing the platform.
In a screenshot, it is stated that the prediction market is offered by Coinbase Financial Markets, the derivatives arm of Coinbase Global, through the Kalshi prediction market.
The other images show a typical prediction market interface splashed with the Coinbase logo, along with an FAQ section and a brand guide explaining the offering.
Coinbase told CNBC in July that it plans to offer prediction markets as part of its bid to create an “everything exchange.” Coinbase and Kalshi partnered on November 13, with the exchange acting as custodian for Kalshi’s USDC-based event contracts.
Coinbase and Kalshi did not immediately respond to a request for comment.
Wong is known for discovering unreleased features of platforms including Facebook, Instagram and X by searching for clues in a website’s public source code.
In screenshots shared by Wong, Coinbase is apparently set to allow USDC or US dollars in prediction markets, which will include events related to the economy, sports, science, politics, and technology. It also hints that new markets will be added periodically.
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Prediction markets have become one of the most popular crypto offerings this year, with volumes increasing on platforms like Kalshi and Polymarket.
Many of Coinbase’s cryptocurrency exchange rivals have also been looking to cash in on the trend by partnering with existing platforms or developing their own offerings.
Crypto.com recently began offering a market prediction platform, which will be integrated with Trump Media.
Cryptocurrency exchange Gemini also plans to launch a prediction markets platform as part of an initiative to create a “super app,” and said last week it filed its application to become a designated contract market with the Commodity Futures Trading Commission to offer the platform.
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