Coinbase has expanded its prediction market feature to users across all 50 U.S. states, offering nationwide access to event-based trading through its collaboration with Kalshi, a U.S.-regulated prediction market platform. The rollout, confirmed on January 28, follows an initial limited launch in December and allows users to buy and sell simple yes-or-no contracts tied to real-world events directly within the Coinbase app. From sports and entertainment to major economic developments like Federal Reserve decisions, prices on these contracts fluctuate based on market demand, providing crowd-sourced probability insights.
The integration allows trades with minimal amounts using either USD or USD Coin (USDC), while liquidity and contracts are initially supplied by Kalshi, with plans to support additional providers over time. By placing prediction markets alongside existing crypto and cash features, Coinbase maintains a unified interface for users and reinforces its vision of becoming an all-in-one financial platform.
Regulated prediction markets have increasingly gained traction in the U.S., appealing to investors seeking compliant alternatives to offshore or decentralized platforms that operate outside regulatory oversight. Kalshi has faced legal challenges in certain states over sports-related contracts, yet partnerships with major trading platforms like Coinbase indicate growing institutional confidence. For Coinbase, the expansion represents both a strategic product diversification and a demonstration of its commitment to operating fully within U.S. regulations.
From a market perspective, nationwide access to prediction markets could broaden retail engagement and provide valuable real-time sentiment data for investors tracking major events. For the broader crypto and fintech ecosystem, this development underscores the potential for regulated derivatives and prediction products to integrate seamlessly alongside traditional crypto offerings. Looking ahead, Coinbase’s rollout may encourage other platforms to explore similar regulated event-based products, signaling a maturation of prediction markets as a mainstream financial tool.
