Coinbase has launched a regulated prediction markets platform across all 50 US states, allowing users to trade contracts tied to real-world outcomes ranging from bitcoin prices to Federal Reserve decisions.
The rollout, which went live on Jan. 28, integrates event-based trading directly into the Coinbase app through a partnership with Kalshi, a platform regulated by the Commodity Futures Trading Commission.
At launch, users gained access to dozens of active markets across crypto, politics, economics and sports, with 42 open contracts alone generating about $18.3 million in combined 24-hour trading volume.
Crypto-focused markets have drawn heavy interest, including daily bitcoin price thresholds and longer-dated contracts on when Bitcoin might reach $150,000, which currently carries an implied probability of about 11%.
Political and macroeconomic contracts, including bets on interest rate decisions by the Federal Reserve and the risk of a US government shutdown, have also attracted substantial trading activity.
Prediction markets allow traders to buy and sell yes-or-no contracts priced as probabilities, which Coinbase argues provides clearer signals than traditional polling by putting capital at risk.
The launch positions Coinbase as a broader multi-asset financial platform and brings regulated prediction markets into the US mainstream under federal oversight rather than offshore venues.
At the time of reporting, Bitcoin price was $84,337.86.