Coinbase Developing Prediction Markets Platform with Kalshi Partnership

Jane Manchun Wong, a tech researcher, suggests that Coinbase is developing a prediction markets website, backed by Kalshi, which recently raised $300 million in a Series D fundraiser. Screenshots shared by Wong show a typical prediction market interface featuring Coinbase's logo and an FAQ section.

Coinbase Financial Markets, the derivatives arm of Coinbase Global Inc., will offer the platform through Kalshi.
Coinbase previously mentioned plans to launch a prediction market as part of becoming an "everything exchange."
The firm challenged CFTC's prediction market rules, arguing they limit valuable contracts for events.
Coinbase and Kalshi partnered on November 13, with Coinbase acting as custodian for Kalshi’s USDC-based event contracts.

Other Developments Within Coinbase's Ecosystem

Coinbase filed to reincorporate from Delaware to Texas, gaining 78.4% shareholder support due to Texas' pro-crypto environment.
In October, Coinbase acquired Echo, an on-chain capital raising platform, aiming to improve accessibility and transparency in capital markets.
Plans include integrating Echo’s tools to address fundraising challenges.