Coinbase appears to be taking a major step toward entering the fast-growing world of prediction markets, according to leaked screenshots that surfaced online this week. The images, shared by tech researcher Jane Manchun Wong, suggest the exchange is building a dedicated prediction market platform powered by Kalshi’s regulated infrastructure.
The screenshots show what looks like an in-development website featuring Coinbase-branded prediction pages, onboarding guides, FAQs, and a full interface for event-based trading. One image even hints that the product would be offered through Coinbase Financial Markets — the company’s derivatives arm — and operated “through Kalshi,” indicating the service will lean on Kalshi’s existing regulatory approvals. Based on the leaks, users may be able to participate using USDC or U.S. dollars across categories such as politics, sports, economics, technology, and science.
A Bigger Bet on “Everything Exchange” Vision
Coinbase has openly expressed its interest in expanding beyond traditional crypto trading. Prediction markets have been on its radar as the exchange pushes to become what CEO Brian Armstrong has called an “everything exchange.”
Just last month, Coinbase and Kalshi announced a partnership that allows Coinbase to act as custodian for Kalshi’s USDC-settled event contracts — a move that now looks like early groundwork for a larger product rollout.
The timing lines up with a surge of activity in the prediction market sector. Both 2024 and 2025 have seen record participation and trading volumes on platforms like Kalshi and Polymarket as users speculate on major global events — from elections to economic indicators.
Competitors Move In
Coinbase isn’t the only company making moves in this space. Crypto.com recently launched its own prediction market product in collaboration with Trump Media. Gemini, meanwhile, has filed with the U.S. Commodity Futures Trading Commission to become a designated contract market, aiming to offer regulated event contracts similar to Kalshi’s.
Coinbase Expands Services in Singapore
Separately from its prediction market ambitions, Coinbase this week announced the launch of Coinbase Business in Singapore — its first international rollout of a business-focused platform.
The service gives local startups access to instant USDC payments, automated accounting tools, cross-border transfers, and digital asset management. It also integrates with Standard Chartered to enable real-time SGD banking.
Coinbase says the Singapore expansion strengthens its partnership with the Monetary Authority of Singapore under the BLOOM Initiative, which focuses on improving global digital payments. The company views the launch as a step toward supporting Singapore’s rapidly growing innovation economy by merging compliant fiat services with crypto-native tools.
As Coinbase deepens its global footprint and explores new product categories, the leaked platform signals that prediction markets may soon become one of the exchange’s next major offerings.
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