Crypto exchange Coinbase is working on creating a website for a prediction markets platform, according to a tech researcher who posted screenshots that seem to indicate it will be supported by Kalshi.
Jane Manchun Wong, a tech researcher and blogger known for discovering in-development features on major tech sites, posted At X on Tuesday that Coinbase is “working on a prediction market,” and shared several screenshots that appear to show the platform.
In a screenshot, it said the prediction market is offered by Coinbase Financial Markets, the derivatives arm of Coinbase Global, through the Kalshi market prediction.
Other images show a typical prediction market interface slathered with the Coinbase logo, along with an FAQ section and a branded guide explaining the offering.
Coinbase said CNBC in July that it plans to offer prediction markets as part of its bid to create an “everything exchange.” Coinbase and Kalshi Worked together on November 13, with the exchange acting as guardian For Kalshi USDC (USDC)-based event contracts.
Coinbase and Kalshi did not immediately respond to a request for comment.
Wong is known for discovering undeveloped features from platforms, including Facebook, Instagram and X, by scouring a website’s public source code for clues.
In the screenshots shared by Wong, Coinbase seems set to allow USDC or US dollars in the prediction markets, which are set to include events pertaining to the economy, sports, science, politics and technology. It also indicates that new markets will be added regularly.
Related: From South Park to Wall Street: Are prediction markets going mainstream?
Prediction markets have become one of the This year’s hottest crypto offeringswith volumes on platforms like Kalshi and polymarket surging.
Many of Coinbase’s crypto exchange rivals are also looking to cash in on the trend by partnering with existing platforms or developing their own offerings.
Crypto.com recently started offering a platform of prediction markets, which is set to be integrated with the Trump media.
Crypto Exchange Gemini also plans to launch a prediction markets platform as part of an initiative to create a “super app,” and said last week Filed to become a designated contract market with the Commodity Futures Trading Commission to offer a platform.
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