Coinbase to Launch Prediction Markets Platform with Kalshi Backing

Crypto exchange Coinbase is venturing into the prediction markets space, with reports indicating its development of a new platform backed by derivatives firm Kalshi. The move aims to diversify Coinbase’s offerings within the blockchain ecosystem and introduce a user-friendly platform for event-based trading tied to real-world outcomes. This initiative aligns with the broader trend of major crypto exchanges entering the prediction markets arena as popularity and trading volume surge across platforms like Kalshi and Polymarket.