Coinbase CEO Brian Armstrong Was Asked Whether COIN Plans To Launch Its Own Prediction Market Business—Here's What He Said

Core Insights - Coinbase Global Inc. is considering launching its own prediction market business while currently partnering with Kalshi for distribution [1][2] - The prediction market service was recently rolled out in all 50 states, coinciding with Super Bowl LX, which saw significant engagement [2][3] Financial Performance - Coinbase reported fourth-quarter revenue of $1.78 billion, which was below analyst expectations, but the earnings per share (EPS) of $0.66 exceeded forecasts [5] - For the full fiscal year, Coinbase's total revenue reached $7.2 billion, reflecting a 9% year-over-year increase [5] Market Activity - Kalshi's CEO noted a remarkable 2,700% year-over-year increase in Super Bowl LX betting volume, with over $1 billion wagered [3] - Coinbase's advertisement during Super Bowl LX was poorly received, trending as the lowest-rated ad following the event [4]