Coinbase is starting prediction market services in all 50 U.S. states and will support prediction trading on a range of topics including sports, politics and culture, Cointelegraph reported on Jan. 28.
Coinbase plans to work with Kalshi to build an onchain prediction market and provide a platform for forecasting outcomes across a wide range of topics, from sports events to U.S. politics. Prediction market platforms such as Kalshi and Polymarket operate by letting users predict outcomes on a range of topics and assigning probabilities for each event based on engagement.
The launch is drawing attention as it comes ahead of the NFL Super Bowl championship game, one of the biggest U.S. sports events. Coinbase bought The Clearing Company in December, laying the groundwork for expanding its prediction market business. The company is pursuing an "everything exchange" strategy spanning stock trading, tokenised assets and prediction markets.
Chi-gyu Hwang
delight@d-today.co.kr