Coinbase is developing a Kalshi-based prediction market
An independent researcher has claimed that Coinbase is developing its own prediction market platform built on Kalshi’s infrastructure.
The information surfaced after the researcher published findings based on internal links and interface elements tied to the project. Coinbase has not confirmed the details, but the discovery has sparked discussion within the crypto community.
According to the source, the project is based on Kalshi’s technology, a regulated US prediction market platform. The researcher says the discovered components point to Kalshi’s mechanisms being integrated into Coinbase’s interfaces, suggesting that the company may be testing a new product internally.
The data was obtained through an analysis of public links and network requests containing references to Kalshi. Coinbase has not previously announced plans to expand into prediction markets, but the topic has drawn growing interest as the sector gains traction. Kalshi remains one of the few platforms authorized by the CFTC to operate in the US as a prediction market, making it a potential infrastructure partner for a major player like Coinbase.
Prediction markets have drawn increased attention in recent years thanks to Polymarket’s growth and rising competition in the space. If Coinbase is indeed exploring a similar product, the company could attempt to capture part of the market by leveraging its large user base and strong regulatory standing.
The researcher’s findings do not include any information about a launch timeline or the types of markets that may be offered. It is also unclear whether the product would fully comply with CFTC rules or operate as a standalone crypto platform outside Kalshi’s regulated structure. Coinbase did not respond to requests for comment, and the company has not issued any official statements.
Members of the crypto community note that integrating Kalshi could simplify the creation of prediction markets and help ensure compliance with US regulations. Still, without confirmation from Coinbase, it remains unclear whether the project is an internal experiment or preparation for a full release.
For now, the researcher’s findings remain the only source of information.
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