Greater than a month after saying plans to maneuver deeper into prediction markets, Coinbase stated it will launch its providing for ”sports activities, politics, tradition and extra.”
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 markets 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.
Coinbase announced the acquisition of The Clearing Company in December as part of its push into prediction markets. The move came amid plans for the company to become an “everything exchange,” with offerings including stock trading, tokenized assets and prediction markets.
Related: Coinbase borrows Kalshi’s playbook, sues three states over prediction markets
This is a developing story, and further information will be added as it becomes available.