The new markets were developed through a partnership with Kalshi, a federally regulated prediction market operator recently valued at $11 billion. The company initially tested prediction markets in select regions toward the end of 2025, using that period to assess demand and platform stability. Prediction markets now appear alongside existing crypto and cash tools within the same dashboard. Kalshi’s Role and the Regulatory FrameworkKalshi supplies the underlying contract infrastructure, liquidity, and settlement process for all prediction markets offered on Coinbase. Strategic Timing and Growing CompetitionCoinbase’s expansion into prediction markets arrives as competition in the sector intensifies.