Prediction Markets Hit New Records as Coinbase Enters the Sector

Coinbase, one of the world’s leading cryptocurrency exchanges, has officially launched its prediction market offering for American users.

The rollout comes as prediction markets continue to gain traction, with weekly notional volume, transaction activity, and user participation reaching new records.

Coinbase announced on Tuesday that its prediction market product is now available to customers in all 50 US states via its partnership with Kalshi, a CFTC-regulated platform recently valued at $11 billion.

The feature is available on the latest version of the Coinbase app. Users can access the new “Predict” tab to place wagers on outcomes across sports, politics, entertainment, economic events, and more.

Out: Odds set by the house.

In: Price set by the crowd.

Now there's a new way to trade your takes.

Prediction markets are live in all 50 states on Coinbase.

Trade any real-world outcomes across sports, politics, culture and more. pic.twitter.com/CIjz9T9pjX