More than a month after announcing plans to move deeper into prediction markets, Coinbase said it would launch its offering for ”sports, politics, culture and more.”
Cryptocurrency exchange Coinbase announced the rollout of prediction markets offering in all 50 US states in partnership with Kalshi.
In a Wednesday X post, Coinbase said it was offering trades on “any real-world outcomes across sports, politics, culture and more” following the launch of prediction markets. The announcement followed the exchange’s plans for onchain prediction markets in partnership with Kalshi in December.
Event contracts on prediction market platforms such as Kalshi and Polymarket allow users to bet on the outcomes of a variety of topics, from sporting events to US politics, with the probability of each event assigned by user participation. The launch came about a week ahead of one of the biggest sporting events in the US, the National Football League’s Super Bowl championship game.
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