Technology researcher Jane Manchun Wong has shared that Coinbase
$2.76B
appears to be building a new website for prediction markets.
Wong posted screenshots on X that seem to show Coinbase’s involvement in the project.
The screenshots include a message stating that the service is provided by Coinbase Financial Markets, a Coinbase Global branch that handles derivatives.
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The images also reference Kalshi, a regulated prediction market platform that would likely power the new service.
The screenshots show a website that looks similar to other prediction platforms but is branded Coinbase. It includes a basic market interface, an FAQ page, and a short guide describing how the platform works.
Based on the shared images, Coinbase’s upcoming platform might support both USDC
Wong has a history of finding hidden or upcoming product features on websites like Facebook, Instagram, and X by examining public code.
This development follows Coinbase’s comments to CNBC in July, in which the company said it planned to introduce prediction markets as part of its goal to build an “everything exchange”. On November 13, Coinbase announced a partnership with Kalshi by becoming the custodian for Kalshi’s event contracts settled in USDC.
Recently, Coinbase launched a new service that allows US retail investors to participate in regulated initial cryptocurrency offerings (IPOs). How does the service work? Read the full story.
