Coinbase Prediction Markets Roll Out Nationwide With Kalshi

Coinbase has expanded its prediction markets offering across the United States. Users in all 50 states can now trade on real-world outcomes through a partnership with Kalshi.

This marks a major step for event-based trading in the U.S. It also signals Coinbase’s growing push beyond traditional crypto trading.

What Users Can Trade

With this expansion, users can trade on outcomes linked to sports, politics, culture and major events. These markets allow people to express views on what they believe will happen next.

Importantly, users can trade using U.S. dollars or USDC, Coinbase’s dollar-backed stablecoin. This makes the feature accessible to both crypto-native users and those new to digital assets. As a result, Coinbase opens the door to a much wider audience.

Why Kalshi Matters

Kalshi plays a key role in this launch. The platform holds approval from the U.S. Commodity Futures Trading Commission (CFTC). Because of this, the markets operate within a regulated framework.

Coinbase had previously tested prediction markets in limited pilots. Now, with Kalshi’s regulatory backing, the company has rolled out the feature nationwide. This approach helps Coinbase avoid legal uncertainty. At the same time, it gives users more confidence in the platform.

A Shift Toward Regulated Event Trading

Interest in prediction markets has grown a lot. Since many users see them as tools that generate valuable signals about public opinion and future outcomes. Supporters argue that these markets combine information, incentives and transparency because money is at stake, participants often take decisions seriously.

However, critics raise concerns. Some believe prediction markets feel too similar to gambling, while others worry about how users may react to losses. Despite this, regulated platforms like Kalshi aim to reduce risks by operating under strict rules.

New Revenue Streams for Coinbase

For Coinbase, this expansion offers more than just user engagement. It also creates a new revenue stream outside spot crypto trading. As crypto trading volumes rise and fall with market cycles, diversified products help stabilize income. Prediction markets could play that role.

Early reactions on social media show excitement. Many users welcome broader access and easier participation. Overall, the move shows how crypto platforms are evolving. Coinbase is no longer focused only on buying and selling tokens. Instead, it is building a broader financial ecosystem. Thus showing that prediction markets are now forming a key part of that strategy.