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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
11/19/2025

🚨 Coinbase Secretly Building a Prediction Markets Platform: Is a New Crypto Race Beginning?

A — Attention Coinbase — the largest crypto exchange in the US — is quietly building its own prediction markets platform, according to the latest reveal from renowned tech reverse-engineer Jane Manchun Wong. This could be a major turning point that brings Coinbase closer to its ambition of becoming an "everything exchange." B — Background Wong, who specializes in uncovering hidden features on Big Tech platforms like Facebook, Instagram, and X, shared a series of screenshots showing a Coinbase-branded prediction market interface.

🚨 Coinbase Secretly Building a Prediction Markets Platform: Is a New Crypto Race Beginning?

A — Attention

Coinbase — the largest crypto exchange in the US — is quietly building its own prediction markets platform, according to the latest reveal from renowned tech reverse-engineer Jane Manchun Wong. This could be a major turning point that brings Coinbase closer to its ambition of becoming an "everything exchange."

B — Background

Wong, who specializes in uncovering hidden features on Big Tech platforms like Facebook, Instagram, and X, shared a series of screenshots showing a Coinbase-branded prediction market interface.
According to the leaked data:

  • The platform is powered by Kalshi
  • Supports USDC and USD
  • Lists markets covering economics, politics, sports, science, and technology
  • Will regularly add new markets

This move comes as prediction markets are experiencing strong growth, with Polymarket and Kalshi continuously setting volume records.

O — Observation & Analysis

Coinbase entering this space is more than just a product expansion — it also represents:

  • Filling a regulatory gap: Kalshi is one of the rare prediction market platforms approved in the US.
  • Leveraging USDC: Driving adoption of the stablecoin backed by Coinbase.
  • Direct competition: Crypto.com and Gemini have both launched platforms or filed for licenses related to prediction markets.

This signals that prediction markets are evolving from a niche product into a new layer of financial infrastructure.

S — Strategy

Coinbase's strategy likely includes:

  1. Leveraging Kalshi's regulatory compliance to sidestep legal risk.
  2. Positioning as a super app: spanning trading, derivatives, wallets, payments, and prediction markets.
  3. Growing USDC usage to expand stablecoin revenue.
  4. Attracting new users beyond crypto — particularly those interested in political, economic, and sports prediction markets.

O — Outcome & Future Implications

If successfully launched, Coinbase's prediction markets platform could:

  • Bring prediction markets into the mainstream in the US
  • Create a new multi-billion-dollar market on blockchain
  • Drive USDC adoption and grow Coinbase's market share
  • Put pressure on competitors like Polymarket, Crypto.com, and Gemini