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Crypto exchange Coinbase is working on creating a website for a prediction markets platform, according to a tech researcher who posted screenshots seemingly indicating it will be backed by Kalshi.
Jane Manchun Wong, a tech researcher and blogger known for discovering in-development features on Big Tech sites, posted to X on Tuesday that Coinbase is “working on a prediction market,” and shared multiple screenshots apparently showing the platform.
In one screenshot, it states that the prediction market is offered by Coinbase Financial Markets, the derivatives arm of Coinbase Global, through the prediction market Kalshi.
The other images show a typical prediction market interface splashed with Coinbase’s logo, along with an FAQ section and a branded guide explaining the offering.
Coinbase told CNBC in July that it plans to offer prediction markets as part of its bid to create an “everything exchange.” Coinbase and Kalshi partnered on Nov. 13, with the exchange acting as the custodian for Kalshi’s USDC (USDC)-based event contracts.
Coinbase and Kalshi didn’t immediately respond to a request for comment.
Wong is known for discovering unreleased features from platforms, including Facebook, Instagram and X, by scouring a website’s public source code for clues.
In the screenshots shared by Wong, Coinbase is apparently set to allow USDC or US dollars on the prediction markets, set to include events pertaining to economics, sports, science, politics and technology. It also hints that new markets will be added regularly.
Related: From South Park to Wall Street: Are prediction markets going mainstream?
Prediction markets have become one of the hottest crypto offerings this year, with volumes on platforms such as Kalshi and Polymarket surging.
Many of Coinbase’s crypto exchange rivals have also been looking to cash in on the trend by partnering with existing platforms or developing their own offerings.
Crypto.com recently started offering a prediction markets platform, which is set to be integrated with Trump Media.
Crypto exchange Gemini is also planning to launch a prediction markets platform as part of an initiative to create a “super app,” and said last week that it filed to become a designated contract market with the Commodity Futures Trading Commission to offer the platform.
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