Coinbase launches prediction markets in all 50 US states via Kalshi

Coinbase, the largest U.S. cryptocurrency exchange, has announced a major expansion into the prediction market space, making event contracts available to users across all 50 states. This significant move is enabled through a strategic partnership with Kalshi, a federally regulated financial exchange licensed by the Commodity Futures Trading Commission (CFTC).

The collaboration allows Coinbase to offer regulated prediction markets, bypassing many of the complex regulatory hurdles that have traditionally restricted such services in the United States. Users on the Coinbase platform can now legally place wagers on the outcomes of future real-world events, covering areas such as economic indicators, political developments, weather patterns, and technology milestones.

Prediction markets, which allow participants to trade contracts based on binary outcomes (yes/no), have long faced regulatory scrutiny in the U.S. By integrating Kalshi’s established regulatory compliance structure, Coinbase provides a crucial layer of legal certainty for participants. This strategic decision positions Coinbase not only as a leading venue for crypto assets but as a comprehensive financial services provider capable of diversifying its offerings within a regulated framework.

Industry analysts view the partnership as a pivotal moment, potentially bringing significant liquidity and mainstream acceptance to prediction markets, which have historically operated primarily on unregulated, decentralized platforms. The launch represents a substantial step toward integrating novel financial products into the mainstream U.S. investment landscape.

Source: Coinbase launches prediction markets in all 50 US states via Kalshi