Silicon Valley tech sleuth leaks Coinbase’s next big product

Core Insights - Jane Manchun Wong has a reputation in Silicon Valley for uncovering unreleased features from major tech companies before their official announcements [1][2] - Wong has recently indicated that Coinbase may be developing a new prediction markets platform, potentially in collaboration with Kalshi [3][5] Company Developments - Coinbase is reportedly working on a prediction market, as suggested by Wong, with screenshots showing a fully designed interface [5][6] - The prediction market is indicated to be offered by Coinbase Financial Markets through Kalshi, suggesting a regulated framework for the marketplace [6] Industry Trends - Prediction markets have gained significant traction, with Polymarket recording a trading volume of $23 billion and over 1.5 million users as of November 15 [4] - Coinbase's potential entry into the prediction market space would position it in direct competition with existing platforms like Polymarket and Kalshi, which currently do not operate as CFTC-regulated exchanges for U.S. users [8]