Coinbase Reportedly To Rival Polymarket, Kalshi With In-House Prediction Market

Coinbase Global Inc. (NASDAQ:COIN) is reportedly planning to unveil prediction markets and tokenized equities next week, while its stock continues to trade inside a broader downtrend.

Coinbase Plans Prediction Markets And Tokenized Equities Launch

Bloomberg on Friday cited a person familiar with the matter saying that Coinbase is developing the tokenized equities offering in-house without external partners.

A Coinbase spokesperson invited users to tune into a Dec. 17 livestream but did not confirm specific product details. 

Screenshots circulating on X in recent days appeared to show early versions of the features inside the Coinbase app, adding to speculation ahead of the event.

This move places Coinbase alongside other major cryptocurrency platforms expanding into prediction markets. 

Kalshi and Polymarket currently dominate the segment, with combined monthly volumes rising to about $7.7 billion in November from roughly $1.3 billion in August.

Full story available on Benzinga.com