Published on: December 17, 2025, 09:35h.
Updated on: December 17, 2025, 09:35h.
- Highly anticipated announcement was made on Wednesday.
- Crypto brokerage firm has revealed its collaboration with Kalshi.
- Coinbase is set to offer stocks and tokenized assets on its platform.
As anticipated, cryptocurrency broker Coinbase Global (NASDAQ: COIN) unveiled on Wednesday its venture into prediction markets through a partnership with Kalshi.
Speculation regarding Coinbase’s prediction ambitions has been ongoing, intensifying last week leading up to an event hosted earlier today. Event contracts are part of the company’s expansive vision, which includes offering tokenized stocks, to evolve into a comprehensive financial hub for investors.
“Today, we’re making a significant stride towards becoming the Everything Exchange – vastly enhancing the range of assets available for trading on Coinbase, including innovative cryptocurrencies, stocks¹, perpetual futures, and prediction markets,” stated the California-headquartered firm.
With its entry into prediction markets, Coinbase joins its cryptocurrency brokerage peers like Crypto.com and Gemini Space Station (NASDAQ: GEMI), in addition to Robinhood Markets (NASDAQ: HOOD) — a formidable player in the digital currency trading space — in the yes/no derivatives market.
Coinbase: A Natural Fit for Prediction Markets
Given its widespread acceptance among retail crypto traders, Coinbase represents a sensible candidate for prediction markets, as a significant portion of its clientele is likely already engaged in yes/no contracts or betting on sports. The company has stated that its event contracts will encompass topics such as culture, finance, politics, and sports.
The contracts will be facilitated by Kalshi, which stands to gain from this partnership as it seeks to strengthen its connections within the cryptocurrency sphere. Besides Coinbase, Kalshi has established partnerships with other major brokerage platforms, including Robinhood and Webull.
In launching its expanded asset offerings and prediction market initiatives, Coinbase emphasized user convenience, assuring customers that they will have the ability to invest in political outcomes and sports events alongside their crypto and stock trades.
“A broader marketplace for predictions fosters a foundation for more informed trading practices, and we intend to support contracts from various additional prediction market platforms in the coming months,” Coinbase indicated.
Analysts Predict Robinhood to Gain Advantage
With both companies venturing into prediction markets, Coinbase and Robinhood are intensifying their competition. Notably, Coinbase’s announcement followed closely after Robinhood disclosed a substantial expansion of its event contracts — one that includes football parlays and player prop bets. Analysts suggest that Robinhood could be positioned for a greater advantage.
“We anticipate a larger revenue boost for HOOD compared to COIN, considering survey findings show that users on that platform are more inclined to inject fresh capital into their prediction markets portfolio,” commented Mizuho analysts Dan Dolev and Alexander Jenkins.
According to a survey conducted by Mizuho, 50% of Robinhood clients are likely to contribute new funds to prediction markets, whereas only 37% of Coinbase users are expected to liquidate their cryptocurrency holdings to finance event contract acquisitions.
Interestingly, the survey revealed a trend where trading app users show a higher likelihood of engaging with event contracts focused on economic events (81%) and politics (49%) compared to sports (47%). This contrasts with various data points that indicate sports event contracts dominate trading on platforms such as Kalshi.