Expertise researcher Jane Manchun Wong has shared that Coinbase
$2.72B
seems to be constructing a brand new web site for prediction markets.
Wong posted screenshots on X that appear to point out Coinbase’s involvement within the venture.
The screenshots embrace a message stating that the service is supplied by Coinbase Monetary Markets, a Coinbase World department that handles derivatives.
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The pictures additionally reference Kalshi, a regulated prediction market platform that will seemingly energy the brand new service.
The screenshots present a web site that appears just like different prediction platforms however is branded Coinbase. It features a fundamental market interface, an FAQ web page, and a brief information describing how the platform works.
Based mostly on the shared pictures, Coinbase’s upcoming platform would possibly assist each USDC
$1.00
and US greenback transactions. The markets proven within the screenshots cowl a spread of subjects, together with the economic system, sports activities, science, politics, and expertise.
Wong has a historical past of discovering hidden or upcoming product options on web sites like Fb, Instagram, and X by analyzing public code.
This growth follows Coinbase’s feedback to CNBC in July, during which the corporate stated it deliberate to introduce prediction markets as a part of its aim to construct an “all the things trade”. On November 13, Coinbase introduced a partnership with Kalshi by turning into the custodian for Kalshi’s occasion contracts settled in USDC.
Just lately, Coinbase launched a brand new service that permits US retail buyers to take part in regulated preliminary cryptocurrency choices (IPOs). How does the service work? Learn the complete story.
