Coinbase's ‘Secret’ Polymarket and Ondo Rival in the Making — Here's When it Could Launch

Core Insights - Coinbase is reportedly developing a prediction market similar to Polymarket and a tokenized stock trading interface akin to Ondo Finance, indicating a significant expansion beyond traditional crypto trading [1][4][5] Group 1: Development of New Features - Independent researcher Jane Manchun Wong discovered hidden interfaces labeled "Predictions" and "Stocks" within Coinbase's code, suggesting the company is preparing to launch these new features [2][3] - The prediction market would be offered through Coinbase Financial Markets in partnership with KalshiEX LLC, providing Coinbase with a regulatory foothold in the prediction market space [5] Group 2: Market Context and Timing - The timing of Coinbase's potential entry into the prediction market aligns with the recent surge in platforms like Polymarket, driven by increased user engagement and election-year speculation [8] - Tokenized stocks are becoming a significant sector in Web3, with billions in inflows, and Coinbase's entry could solidify its position in the U.S. mainstream market [6][9]