Coinbase (COIN) appears to be preparing a major expansion into prediction markets after tech researcher Jane Manchun Wong uncovered an in-development website for the new offering. Wong, who is known in Silicon Valley for discovering hidden features in the codebases of Facebook (META), Instagram and X, posted screenshots on Tuesday showing what looks like a Coinbase-branded prediction market interface.
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The images include onboarding pages, FAQ sections and a market-selection dashboard. One screenshot explicitly states that the platform is being offered by Coinbase Financial Markets, the derivatives arm of Coinbase Global, in partnership with Kalshi.
Coinbase Expands into the Fast-Growing Prediction Market Space
If launched, the product would mark Coinbase’s first native prediction markets hub and a major step forward in its publicly stated plan to become an “everything exchange.” Coinbase already revealed to CNBC in July that it intended to enter this category, and the company formalized its partnership with Kalshi on November 13, agreeing to custody the USDC that backs Kalshi’s event contracts.
The screenshots uncovered by Wong show USDC and U.S. dollar options for settlement, along with markets spanning economics, sports, politics, technology and science. They also note that new markets will be added regularly.
Coinbase and Kalshi have not commented on the push, keeping the companies timeline and launch strategy under wraps for now.
Wong Reveals Coinbase’s Unreleased Interface
Wong identified the project through publicly accessible code, the same technique she has used over the years to uncover unreleased products and features from Big Tech firms. Her screenshots feature Coinbase branding throughout, including a blue-and-white interface that resembles the exchange’s consumer app.
The design appears to mimic typical prediction market layouts: binary outcomes, charts for each contract, and simple “Yes” or “No” pricing. Early indicators suggest Coinbase aims to streamline the experience so that it is familiar to both crypto traders and those new to event markets.
Crypto Firms Race to Capture Prediction Market Demand
Crypto-linked prediction markets have been one of the fastest-growing trading products of the year, with rising volumes on platforms such as Polymarket and Kalshi. Exchanges have taken notice.
Crypto.com recently launched its own prediction market, which will integrate with Trump Media (DJT). Gemini has also announced plans for an event-contracts marketplace as part of its broader “super app” initiative and filed last week to become a designated contract market with the CFTC.
To conclude, prediction markets are drawing sustained interest this year, and Coinbase appears ready to treat the category as a meaningful part of its broader expansion.
Is COIN Stock a Good Buy?
Wall Street remains cautiously optimistic on Coinbase Global, with 21 analysts weighing in over the past three months and landing on a Moderate Buy consensus. This is based on 15 Buys, five Holds, and one Sell.
The average 12-month COIN price target sits at $400.63, implying roughly 53% upside from the latest close.
