Quick Breakdown
- Coinbase’s prediction markets feature is now available nationwide across all 50 U.S. states.
- The product is powered by Kalshi and offers regulated, event-based yes-or-no contracts.
- The move signals growing mainstream acceptance of compliant prediction markets.
Coinbase has rolled out its prediction markets feature nationwide, allowing users across all 50 U.S. states to trade on real-world events directly within its app. The expansion, confirmed on January 28, follows a limited launch in December that was available only to select users.
Out: Odds set by the house.
In: Price set by the crowd.
Now there’s a new way to trade your takes.
Prediction markets are live in all 50 states on Coinbase.
Trade any real-world outcomes across sports, politics, culture and more. pic.twitter.com/CIjz9T9pjX
— Coinbase 🛡️ (@coinbase) January 28, 2026
The feature is built in partnership with Kalshi, a U.S.-regulated prediction market platform. It enables event-based trading through simple yes-or-no contracts tied to outcomes across politics, sports, and economic policy.
Event-based trading under U.S. regulation
With the nationwide launch, Coinbase users can now place trades on a broad set of events, including elections, entertainment outcomes, sports results, and key macroeconomic decisions such as Federal Reserve rate moves. Contract prices fluctuate based on market demand, reflecting how participants collectively assess the likelihood of each outcome.
Trades can be made in U.S. dollars or USD Coin (USDC), with relatively low minimum amounts that lower the barrier to entry. For now, all contracts and liquidity are supplied by Kalshi, though Coinbase has indicated plans to add more prediction market providers in the future. The feature is integrated alongside Coinbase’s existing crypto and cash services, keeping activity within a single app environment.
Regulated prediction markets move mainstream
The expansion comes as interest in prediction markets continues to grow in the U.S., driven by demand for crowd-sourced forecasting tools that operate within regulatory frameworks. Platforms like Kalshi are increasingly seen as compliant alternatives to offshore or decentralized prediction markets that fall outside U.S. oversight.
Coinbase positioned the rollout as part of its strategy to evolve into a broader financial services platform. By embedding regulated prediction markets into its core app, the exchange is expanding beyond crypto trading while maintaining regulatory compliance. Despite legal challenges Kalshi has faced in some states over sports-related contracts, the partnership highlights growing confidence in regulated prediction markets and their gradual adoption by major financial platforms.
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