Coinbase builds prediction-market platform with Kalshi, leaked images show
The post Coinbase builds prediction-market platform with Kalshi, leaked images show appeared com. Coinbase appears to be developing a prediction-markets platform in partnership with Kalshi, according to leaked interface screenshots shared online by a tech researcher. The images suggest a Coinbase-branded product offering markets on politics, economics, sports, and technology, with outcomes settled in US dollars or USDC. On Tuesday, November 18, Jane Manchun Wong, a tech researcher and blogger well known for exposing upcoming features on key tech websites to the public, shared a tweet. In this post, Wong pointed out that Coinbase is forming the platform. To confirm that this is not a rumour, the tech researcher posted several screenshots that appear to display the new platform. Wong hints that Coinbase collaborated with Kalshi to develop a prediction market Regarding the screenshots Wong shared, one implied that the prediction market will be made available by Coinbase Financial Markets (CFM), which is a wholly owned subsidiary of Coinbase Global, Inc., registered as a Futures Commission Merchant (FCM) with the National Futures Association (NFA). To successfully offer this prediction market, the screenshot highlighted that CFM will collaborate with Kalshi’s prediction market. Other screenshots displayed a standard prediction market interface presenting Coinbase’s logo, an FAQ section, and a branded guide explaining the service. Notably, Coinbase had earlier hinted at this project. According to reports dated July of this year, the crypto exchange informed a reporter during an interview that it plans to introduce prediction markets as part of its broader goal to become an exchange that provides various services. After this interview, Coinbase collaborated with Kalshi, acting as the guardian for Kalshi’s event contracts based on USDC on November 13. The crypto exchange’s move drew the attention of reporters who sought to question Coinbase for more information about the project. However, when they reached out to Coinbase for comments, the crypto exchange declined to.