UPDATE: Coinbase has officially launched its highly anticipated prediction markets in the United States, thanks to a new partnership with Kalshi. Starting today, users can trade on a variety of real-world events—including politics, sports, and economic indicators—right from their Coinbase accounts.
This game-changing feature allows users to place trades starting at just $1 in USD or USDC, making it more accessible than ever to engage with global events. “The world is full of questions. Trade the answers with Prediction Markets on Coinbase,” the company stated in an announcement that has already sparked excitement across social media platforms.
Coinbase is integrating this feature directly into its existing platform, which means users can manage their prediction market positions alongside their crypto and cash balances in one unified interface. This seamless integration aims to enhance user experience and engagement, especially during significant events like elections or championship games.
In a statement, Coinbase CEO Brian Armstrong emphasized the importance of these markets, stating: “A wider marketplace for predictions creates an avenue for more informed trading activity.” He also pointed out that all prediction market activity will initially be sourced from Kalshi, but future expansions may include contracts from additional platforms.
The launch comes amid ongoing legal battles for Coinbase in states like Connecticut, Michigan, and Illinois, where the company asserts that prediction markets fall under the federal jurisdiction of the Commodity Futures Trading Commission (CFTC). Some states have raised concerns about these markets being classified as illegal gambling, but Coinbase is pushing back against these claims.
Coinbase has also joined forces with Kalshi and Crypto.com as part of the newly formed Coalition for Prediction Markets, aimed at advocating for safe and federally supervised access to these trading tools. The goal is to ensure that Americans can participate in prediction markets without unnecessary restrictions.
As the situation evolves, Coinbase users are encouraged to explore these new trading opportunities that not only diversify their investment portfolios but also keep them engaged with real-time events shaping the world around them.
Stay tuned for more updates as Coinbase continues to roll out its prediction markets and navigates the legal landscape surrounding this innovative trading platform.
