Key Takeaways
- Coinbase is reportedly set to announce new prediction markets and tokenized stock products on December 17.
- The launch follows the exchange joining the Coalition for Prediction Markets (CPM) alongside operators like Kalshi.
- A dedicated livestream event is planned to showcase these new financial instruments.
- The move capitalizes on surging interest and trading volume in the prediction market sector.
- This expansion aligns with Coinbase's stated mission to increase financial freedom and access.
According to a Bloomberg report, Coinbase, the leading U.S. cryptocurrency exchange, is preparing to unveil its entry into the realms of prediction markets and tokenized equities. The official announcement is expected during a livestream event scheduled for December 17.
Strategic Moves and Industry Context
The news coincides with Coinbase becoming a member of the Coalition for Prediction Markets (CPM), an industry group announced by Kalshi and Crypto.com. This strategic alliance aims to engage with regulators to ensure the longevity and accessibility of these markets for U.S. participants.
“At Coinbase, our mission is to deliver financial freedom to the world — and prediction markets by nature democratize fact finding and the seeking of truth,” stated Coinbase’s chief policy officer, Faryar Shizad.
This development follows earlier reports from tech researcher Jane Manchun Wong, who identified preparatory landing pages for these products last month. The sector is experiencing significant growth, with weekly trading volumes for prediction markets reportedly reaching near $4 billion recently.
The Rising Prediction Market Ecosystem
Coinbase's push places it alongside established operators like Kalshi, a platform founded by MIT graduates that allows users to trade on real-world event outcomes. According to data from Dune Analytics, platforms like Kalshi and its rivals see substantial weekly trading activity.
The competitive landscape is heating up, with other exchanges like Gemini recently receiving regulatory approval from the CFTC to offer prediction markets in the U.S., and Crypto.com announcing its own dedicated platform.
While Coinbase has not yet officially confirmed the specific products for the December 17 showcase, this reported move signifies a major expansion of its digital asset offerings and a deeper foray into innovative financial instruments.
