Coinbase, the largest U.S.-based cryptocurrency exchange, has officially rolled out access to prediction markets across the United States through a major partnership with the CFTC-regulated platform, Kalshi. This nationwide deployment integrates Kalshi’s event contract markets directly into Coinbase’s financial ecosystem, allowing users to trade contracts based on the outcomes of future real-world events.
Kalshi holds the distinction of being the first federally regulated exchange for event contracts, having received approval and designation from the Commodity Futures Trading Commission (CFTC). This regulatory status is pivotal, enabling Coinbase to legally offer these novel financial products to its user base without running afoul of complex derivatives regulations that typically govern speculative markets in the U.S.
The prediction markets cover a wide array of categories, including macroeconomic indicators (like inflation rates and unemployment figures), geopolitical events, popular culture phenomena, and technological advancements. Participants buy and sell binary contracts that settle at $1 if the predicted event occurs and $0 if it does not, providing a unique avenue for hedging, forecasting, or speculating on verifiable outcomes.
For Coinbase, the integration represents a strategic move to broaden its revenue streams beyond traditional spot and derivatives crypto trading. By offering access to regulated prediction instruments, the exchange aims to attract a wider demographic of sophisticated traders and institutional clients interested in integrating broader financial forecasting tools into their portfolios. This move solidifies Coinbase’s ambition to evolve into a comprehensive digital financial services platform.
Source: Coinbase Rolls Out Kalshi-Powered Prediction Markets Across United States
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