Coinbase Preps Prediction Markets Platform Backed by Kalshi, Leak Reveals

Crypto powerhouse Coinbase is poised to dive into the booming prediction markets arena, with leaked screenshots revealing a dedicated platform powered by regulated exchange Kalshi, tech sleuth Jane Manchun Wong disclosed on social media Tuesday. For traders eyeing “Coinbase Kalshi prediction markets 2025” or “crypto event contracts launch,” this unconfirmed venture could fuse blockchain liquidity with CFTC-compliant event betting, targeting Coinbase’s 100 million+ users amid surging volumes.

The images, unearthed from Coinbase’s source code, showcase a sleek, branded interface under Coinbase Financial Markets—its derivatives arm—explicitly “through Kalshi.” Users would wager USDC stablecoins or USD on diverse outcomes: political races, economic releases like Fed rate decisions, sports winners (e.g., NFL playoffs), scientific breakthroughs, and tech milestones. Onboarding flows hint at seamless wallet integrations, FAQs on compliance, and market categories mirroring Kalshi’s $4.4 billion October haul—up from Polymarket’s $3 billion—fueled by 2025’s election frenzy and Trump-era deregulation.

This builds on Coinbase’s October 13 partnership, naming it custodian for Kalshi’s USDC event contracts, ensuring institutional-grade security. CEO Brian Armstrong, who playfully gamed Kalshi bets during Q3 earnings by name-dropping “Bitcoin, Ethereum, blockchain,” has long teased an “Everything Exchange” encompassing derivatives. With Coinbase’s Q3 revenue at $1.9 billion (up 55% YoY), analysts see this as a revenue diversifier beyond spot trading, especially as rivals like Crypto.com partner with Trump Media and Gemini files for CFTC designation.

Kalshi’s edge? Full U.S. regulation, dodging the legal pitfalls plaguing decentralized upstarts like Polymarket. Yet, the NCAA’s recent scrutiny of Kalshi’s sports markets—demanding clearer integrity safeguards—flags risks of manipulation, echoing Armstrong’s earnings stunt that paid out $84,000 in bets.

Neither firm commented, but if greenlit, this could catapult Coinbase ahead in the $50 billion prediction sector, blending crypto’s speed with TradFi trust. As Bitcoin stabilizes above $91,000, search trends for “regulated crypto predictions” spike—positioning this leak as a bullish signal for diversified, compliant speculation in volatile times.