Coinbase has rolled out regulated prediction markets for users throughout the United States, broadening its platform beyond cryptocurrency trading into event-based contracts tied to real-world outcomes. Customers can now trade on results connected to elections, sports events, economic data, and entertainment. The nationwide release follows a December announcement and marks the first time the exchange has made prediction markets available to its full U.S. user base.
The feature was developed in partnership with Kalshi, a federally regulated prediction market operator valued at $11 billion. Coinbase confirmed the expansion in a post on X as interest in event-linked trading has increased ahead of major sports events, including the Super Bowl. Users can access the markets directly within the Coinbase app, without transferring funds to third-party services.
Phased Rollout Leads To Nationwide Access
Coinbase initially tested prediction markets in select regions toward the end of 2025. During that period, the company evaluated platform performance and user participation. After completing testing and seeing steady engagement, Coinbase removed regional limits and activated the feature for eligible users in all 50 states.
Prediction markets now appear alongside existing crypto and cash tools in the app. This layout allows users to manage digital assets and event-based contracts in one place. Coinbase has said keeping activity within its app supports a smoother experience and aligns with plans to expand regulated financial offerings.
Users can trade contracts using USD or USDC, with minimum entry points of $1. Each market is built around a binary outcome, offering “yes” or “no” positions. Contract prices range from $0 to $1 and represent implied probabilities. Winning contracts settle at $1, while losing positions expire worthless.
Regulatory Structure And Market Pressures
Kalshi provides contract design, liquidity, and settlement, operating as a designated contract market under federal approval. Coinbase distributes the product through Coinbase Financial Markets, which is registered with the Commodity Futures Trading Commission and is a member of the National Futures Association. The two companies share revenue under an arrangement similar to Kalshi’s earlier deal with Robinhood.
Kalshi continues to face opposition from state regulators. Officials in nine states have issued cease-and-desist orders or filed lawsuits, arguing some sports-related contracts amount to illegal wagering. Massachusetts Attorney General Andrea Campbell filed suit on December 9, and Nevada courts declined to pause enforcement actions on December 16. Appeals are pending at the U.S. Court of Appeals for the Ninth Circuit.
Coinbase’s move comes as prediction markets draw increased attention. Polymarket reported about $4 billion in weekly trading volume in December, according to Dune Analytics. The launch also follows Coinbase’s December “System Update,” where it outlined plans to become an “everything exchange.” Cryptocurrency trading volumes have declined 23% over a recent three-month period, with Bitcoin falling from October highs above $100,000 to around $89,000 in late January.
Source:
“Coinbase Brings Regulated Prediction Markets to U.S. Users”, news.worldcasinodirectory.com. January 30, 2026
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