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Coinbase (COIN) to Launch Kalshi-Powered Prediction Market?
Yahoo Finance· 2025-12-14 04:14
Group 1 - Coinbase Global, Inc. (NASDAQ:COIN) is preparing to launch an in-house prediction market powered by Kalshi, aiming to expand its asset classes amid a shift away from digital assets by investors [1][2] - The formal announcement of the prediction market is expected soon, potentially as early as next week, with Kalshi being the sole prediction market operator at launch [2] - The launch of the prediction market and a tokenized stock offering at the upcoming "Coinbase System Update" event on December 17 indicates Coinbase's ambition to become an "everything exchange" for various asset types [4][5] Group 2 - Coinbase's CEO Brian Armstrong has expressed a vision for the company to evolve into a leading financial services app within the next decade, despite facing increasing competition [5] - Coinbase operates a platform that allows users to buy, sell, transfer, trade, stake, and store cryptocurrency assets, catering to both individuals and institutions [6]