Coinbase Prediction Market Feature Revealed in New Leak

Core Insights - Coinbase is preparing for a significant expansion by introducing new features, including a prediction market tool and a stock-trading interface, as revealed by leaked screenshots [1][2][3] Group 1: Leaked Features - The leaked screenshots indicate that users may soon engage in prediction markets, allowing bets on real-world events, such as political developments [2] - Coinbase is also experimenting with integrating stock and ETF trading directly within its app, which would mark a significant shift in its service offerings [2][3] Group 2: Market Positioning - If these features are launched, Coinbase will compete directly with traditional brokerages by adding stock trading to its platform, expanding beyond its crypto trading roots [3] - The introduction of a prediction market tool represents a new product category for Coinbase, indicating its ambition to evolve into a broader financial services platform [3] Group 3: Industry Context - Kalshi, the company behind the prediction market tool, has processed approximately $17 billion in total volume, while Polymarket has seen over $34 billion, highlighting user interest in speculation platforms [4] - Coinbase's established user base for crypto trading provides a strong foundation for introducing these new features, as it will not be starting from scratch [5] Group 4: Future Considerations - Key questions remain regarding the availability of these features across U.S. states, the nature of stock trading (fractional vs. full shares), and the regulatory challenges associated with prediction markets and traditional equities [6]