Published on: December 11, 2025, 08:38h.
Updated on: December 11, 2025, 08:38h.
- Leading cryptocurrency brokerage shows interest in prediction markets and is linked to ongoing discussions.
- Announcement of plans could happen next week.
- This move would introduce another major player into the prediction markets sector.
Coinbase Global (NASDAQ: COIN), the predominant cryptocurrency brokerage, is poised to enter the prediction markets space, with more information anticipated to be revealed as early as next week.
According to two unnamed sources familiar with the developments, the company plans to announce its intentions regarding event contracts and tokenized stocks on December 17. Coinbase has expressed its ambition to become a contender in the prediction markets arena, although a timeline has yet to be disclosed. In a blog post from September, the brokerage outlined that event contract marketplaces are a logical expansion for the utility of digital currencies.
Currently, Coinbase has some exposure in the prediction markets through its collaboration with Kalshi involving USDC— a stablecoin pegged to the U.S. dollar, which was reported last month.
“We are thrilled to announce that Kalshi, the premier prediction market in the U.S., has selected Coinbase Custody to secure their USDC, ensuring peace of mind for participants trading on real-world events,” the statement asserted.
It remains uncertain whether Coinbase will offer contracts for sports events, unlike some of its upcoming rivals in the prediction markets sector.
Crypto Integration in Prediction Markets
Speculations surrounding Coinbase’s impending announcement regarding prediction markets arose just a day after the Winklevoss twins’ Gemini Space Station (NASDAQ: GEMI) received regulatory approval to enter the yes/no contract domain.
Both Coinbase and Gemini are competing within the cryptocurrency trading space and are expected to significantly contribute to the “cryptofication” of prediction markets, alongside Crypto.com and Robinhood Markets (NASDAQ: HOOD), which have established robust connections to prediction markets.
The intersection of cryptocurrency and prediction markets appears not only logical but also necessary. For instance, Polymarket, one of the largest prediction markets globally, is deeply ingrained in the crypto landscape, utilizing smart contracts and stablecoins for decentralized trading and wagering.
The expansion of blockchain technology, alongside smart contract safety and the adoption of stablecoins, are vital elements contributing to the emergence of prediction markets as a significant on-chain application, as highlighted by Hoolie Tejwani, head of Coinbase Ventures.
Coinbase’s Potential in Prediction Markets
As the preeminent crypto trading platform in the U.S., Coinbase is well-positioned to become a formidable contender in the prediction markets sector. The firm boasts an estimated 105 million users globally, with around 10.8 million engaging on a monthly basis.
Moreover, Coinbase could play a crucial role in increasing institutional engagement in prediction markets, which may enhance liquidity. Last year, the company processed an astounding $1 trillion in transaction volume, primarily facilitated by institutional participants.
Earlier today, it was reported that Coinbase is now a member of the newly formed Coalition for Prediction Markets (CPM)— a lobbying organization led by Crypto.com and Kalshi, with Robinhood and Underdog also represented in the group.