Coinbase rolls out prediction markets to all 50 US states
Coinbase officially launched its prediction market platform called Predict to users across all 50 US states. The rollout marked a significant step in the company’s effort to diversify its platform as interest in event-based contracts has surged in recent months. The platform was developed in collaboration with Kalshi, a US-regulated prediction market operator valued at $11 billion and supervised by the Commodity Futures Trading Commission. Prediction markets allow users to trade on outcomes of real-world events such as elections, sports competitions, collectibles, entertainment awards, and economic indicators. Users purchase yes or no positions regarding specific results, and the price of each contract indicates the market’s perceived probability of that outcome occurring.
The feature is integrated directly into the Coinbase app under a new tab called Predict, enabling users to engage without establishing another account or using an external service. Users can fund their prediction trades with cash or USDC held in existing Coinbase accounts with a minimum trade amount set at just $1. The platform operates nearly 24 hours per day with only a two-hour maintenance window early Thursday mornings. Coinbase first announced plans to enter the prediction market space in December 2025 following a surge in trading volumes on platforms like Kalshi and Polymarket.
Coinbase strategic expansion beyond cryptos
This launch aligns with Coinbase CEO Brian Armstrong’s vision to transform the exchange into an “everything exchange” offering comprehensive trading services. Armstrong stated that Coinbase aims to become “the best place to trade every asset, not just crypto” as the company pursues broader financial services integration. The expansion comes alongside other non-crypto offerings including zero-commission equity trading and tokenised stocks announced in recent months. Through the Kalshi partnership, Coinbase users can trade on a wide range of events including Federal Reserve decisions and cryptocurrency price movements. Prices move based on supply and demand dynamics, capturing how the market collectively assesses the likelihood of each outcome in real time.
At launch, all contracts and liquidity are provided exclusively by Kalshi, though Coinbase has indicated it plans to support additional providers over time. The markets sit alongside existing crypto and cash features, keeping everything within a single interface for seamless user experience. A dedicated social media account called Coinbase Predict provides updates on new market launches and insights for active traders. Coinbase is also developing a fully integrated native prediction market experience scheduled to launch in the Coinbase app in late Q1 2026.
Coinbase is growing in the prediction market sector
The nationwide rollout gives Coinbase a significant competitive advantage by leveraging its massive existing user base alongside new features like cryptocurrency futures. By using Kalshi’s federally regulated infrastructure overseen by the CFTC, Coinbase remains within US regulatory boundaries while expanding product offerings. This approach distinguishes it from offshore prediction market platforms that operate without direct US regulatory oversight or compliance frameworks. Although Kalshi has faced legal pushback in certain states over sports-related contracts, it has continued securing partnerships with large trading platforms. The Coinbase rollout signals increasing confidence in regulated prediction markets and highlights their gradual integration into mainstream financial platforms.
Prediction markets have experienced explosive growth in recent months, with platforms like Polymarket surpassing billions in weekly transactions during major events. The push into prediction markets aligns with Coinbase’s evolving identity as a regulated financial utility rather than purely a speculative crypto on-ramp. The company framed the expansion as part of its goal to become a leading financial services application over the next decade. This diversification strategy helps reduce reliance on volatile cryptocurrency trading revenues while attracting users seeking niche trading opportunities.
