Coinbase launches prediction markets across all 50 US states with Kalshi

Coinbase has launched prediction-market trading for customers in all 50 US states through a partnership with Kalshi, the exchange announced Tuesday, making a new “Predict” tab available on the latest Coinbase app for wagering on sports, politics, entertainment, economic events and more.

The feature runs via Coinbase’s partnership with Kalshi, a CFTC-regulated platform that was recently valued at $11 billion, the company said. Users can now access prediction contracts directly in the Coinbase app to take positions on real-world outcomes. Coinbase noted that listed futures and swaps are offered by Coinbase Financial Markets (CFM), a NFA member firm, and warned that “trading prediction contracts involve substantial risk and may result in the loss of your entire investment.

Contracts pay out only if the specified event occurs. Trade only if you understand the product and believe it is appropriate for your financial situation and objectives.” Coinbase CEO Brian Armstrong described prediction markets as a powerful tool for finding truth, writing: “Prediction markets are the ultimate form of truth seeking.

When there’s skin in the game, the output is far more reliable. Everything else is biased by someone’s agenda.” The launch comes as prediction markets post record activity: according to Dune, weekly notional trading volume hit $6.18 billion, weekly active users topped 357,000 and transactions reached a record 26 million.

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