Coinbase’s Wednesday Livestream May Reveal Prediction Markets
Coinbase, the largest U.S. cryptocurrency exchange by trading volume, is preparing to formally enter the fast-growing prediction markets and tokenized equities space, with an announcement expected as soon as next week, according to a Bloomberg report citing people familiar with the matter.
The company plans to unveil new products that would allow users to trade prediction market contracts and tokenized stocks, marking a significant expansion beyond its core crypto brokerage and derivatives offerings.
While Coinbase declined to confirm specific details, a spokesperson has said that the firm will host a livestream on Wednesday to showcase new products, without specifying whether prediction markets or tokenized equities would be included.
The anticipated move follows weeks of mounting speculation.
In late June, tech researcher Jane Manchun Wong reported that Coinbase appeared to be building landing pages related to tokenized equities and prediction markets powered by Kalshi, a U.S.-regulated platform that allows users to trade on real-world outcomes.
Coinbase has not officially launched those services, but Bloomberg’s report suggests the rollout is now imminent.
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Coinbase Aligns With Prediction Market Operators
On the same day Bloomberg published its report, Coinbase announced it had joined the Coalition for Prediction Markets (CPM), an industry group launched by Kalshi and Crypto.com. The coalition aims to promote the legitimacy of prediction markets and coordinate engagement with U.S. policymakers as regulatory scrutiny of the sector intensifies.
“At Coinbase, our mission is to deliver financial freedom to the world — and prediction markets by nature democratize fact finding and the seeking of truth,†Coinbase Chief Policy Officer Faryar Shirzad said in a statement.
He added that the CPM intends to work with regulators to ensure Americans continue to have access to these markets.
Kalshi, founded in 2018 by MIT graduates Tarek Mansour and Luana Lopes Lara, allows users to trade event contracts tied to outcomes such as elections, economic indicators, and geopolitical developments. The platform has emerged as one of the largest regulated prediction markets in the U.S., competing with rivals such as Polymarket and Opinion.
Prediction Markets See Explosive Growth
Coinbase’s reported push into prediction markets comes as the sector experiences a surge in activity.
According to data compiled on Dune Analytics, weekly trading volumes across prediction markets recently climbed toward $4 billion, setting a new record. Kalshi alone has seen weekly volumes approach $1 billion, based on Dune dashboards tracking on-chain and platform-reported activity.
That growth has drawn both institutional interest and skepticism. Some analysts have questioned whether headline volume figures overstate genuine economic activity, pointing to wash trading, hedging behavior, and promotional incentives that may inflate numbers.
Even so, momentum in the sector has been difficult for major exchanges to ignore.
Rival crypto platforms have moved quickly to stake out positions.
Crypto.com announced in October that it would launch a dedicated prediction markets platform, with plans to integrate it with Trump Media.
More recently, Gemini — the exchange founded by Cameron and Tyler Winklevoss — received approval from the Commodity Futures Trading Commission (CFTC) to offer prediction markets to U.S. users, a regulatory milestone that may have helped clear the path for other entrants.
