BULLISH 📈 : Coinbase expands prediction markets nationwide with Kalshi partnership

Coinbase Expands Prediction Markets Nationwide

  • Coinbase has partnered with Kalshi to offer prediction markets for real-world events, such as politics and sports, across the United States.
  • This expansion aims to capture domestic demand previously unmet by offshore platforms, amid growing interest in prediction markets.
  • In 2024, betting volumes in major prediction markets increased by 565.4%, reaching $3.1 billion during the US presidential election cycle.
  • Kalshi's cumulative notional volume hit $34.5 billion as of January 2026, according to Dune data.

Kalshi has reached a cumulative notional volume of $34.5B | Source: Dune

Market Integration

  • Users can trade event contracts in USD or [USDC](https://holder.io/coins/usdc/) directly on Coinbase, simplifying account management.
  • CEO Brian Armstrong envisions an "everything exchange," integrating traditional financial products.
  • Coinbase's nationwide rollout follows a phased introduction that began in December 2025.

Market Competition

  • Coinbase competes with platforms like Gemini and Robinhood, which have also entered the prediction market space.
  • Gemini received regulatory approval for its Titan platform, while Robinhood joined LedgerX to enhance its offerings.
  • Prediction markets are becoming mainstream trading products, attracting exchanges beyond the crypto niche.