Coinbase Launches 'CoinbasePredict' Prediction Market with Kalshi Partnership

Coinbase partners with Kalshi to bring regulated prediction markets to crypto users, debuting with contracts focused on key economic indicators.

Summary

Coinbase has rolled out CoinbasePredict, a regulated prediction market platform developed in partnership with Kalshi, announced on Feb. 4. Kalshi will provide the initial underlying market liquidity. The first set of contracts will target economic indicators, expanding Coinbase’s offerings beyond cryptocurrency trading into macroeconomic forecasting tools.

Terms & Concepts
  • Prediction Market: A marketplace where participants bet on outcomes of future events, with prices reflecting collective expectations.
  • Liquidity: The ease with which assets can be bought or sold in a market without affecting their price.
  • Economic Indicators: Statistical metrics used to gauge the state of an economy, such as inflation rates, employment figures, and GDP growth.