It appears that Coinbase is preparing to enter the prediction market space, as screenshots of its new product leaked earlier this week. On Tuesday, tech research journalist Jane Manchun Wong posted leaked images, including screenshots of Coinbase-branded market pages for user participation, an onboarding process for users to sign up for the service, and an FAQ section.
The leaked images indicate that the service would be available through Coinbase Financial Markets (the derivatives arm of Coinbase Exchange) and powered by Kalshi’s regulated infrastructure. As the U.S. Commodity Futures Trading Commission (CFTC) approves Kalshi, Coinbase would have a path to offer such products through its current regulatory approvals.
Platform Features and Market Categories
Leaked screenshots reveal an interface that allows users to wager on event outcomes in USDC or traditional U.S. dollars, with categories spanning politics, sports, economics, science, and technology. The materials suggest that new markets will be added regularly, giving users a wide range of events to participate in.
This development follows a November partnership announcement between Coinbase and Kalshi. Under that agreement, the popular exchange would serve as a custodian for Kalshi’s USDC event contracts. The relationship lays the foundation for the exchange to expand into predictive trading while maintaining regulatory compliance. Investors who carefully monitor Coinbase’s expanding product lineup, including the addition of prediction markets, have noticed something else going on as well.
The addition of upcoming Coinbase listings could signal a broader push toward becoming what the company calls an “everything exchange.” These listings are expected to target fast-growing sectors such as real-world asset tokens, emerging Layer-2 chains like Bitcoin Hyper, and next-generation DeFi protocols like BlockchainFX. This push, coupled with the Kalshi integration, highlights Coinbase’s strategy of steadily widening its asset roster while moving into adjacent trading categories that traditional exchanges have been slower to embrace.
Prediction Market Growth Will Bring More Competition for Coinbase
Coinbase will have competition in the prediction market arena. Crypto.com launched a prediction market service through a partnership with Trump Media, and Gemini announced one last week. Gemini plans to roll it into its new super-app, and the company has also asked the CFTC for approval to operate as a designated contract market.
It’s a good time for a prediction market service to launch, because the number of users in prediction markets grew significantly in 2024 and into 2025, and the volume of trades on those platforms reached all-time highs. Many users used these services for major political elections, economic announcements, and other cultural event information, as well as for crypto investment/trading opportunities.
According to CNBC, Coinbase stated in July that predictive capabilities are part of its overall long-term vision. The leaked documents indicate that the company is getting close to achieving that vision.
Coinbase Expands Business Services in Singapore
In a separate move, Coinbase announced the international launch of Coinbase Business in Singapore this week. The platform marks the exchange’s first rollout of business-focused tools outside its home market.
Singapore-based startups and small businesses can now access instant USDC payments, global transfers, and automated accounting integrations through the service. The platform connects to real-time Singapore dollar banking infrastructure through Standard Chartered and offers an API for managing payroll and vendor payments.
Coinbase’s launch in Singapore is based on its work with the Monetary Authority of Singapore through the BLOOM initiative, which focuses on compliant cross-border solutions for digital payments. The firm states that Coinbase will help support Singapore’s innovation ecosystem by providing a financial infrastructure that combines fiat and digital assets within a defined regulatory framework.
Conclusion
Coinbase continues to expand its services across multiple fronts, including some AI ventures. The prediction markets platform would add event-based trading to the exchange’s offerings, while the Singapore business launch would expand the exchange’s geographic reach beyond US borders. Both moves reflect the exchange’s stated goal to become a comprehensive financial platform that serves various user needs under regulated frameworks.
