Coinbase Teases ‘New Era’ Amid Prediction Market, Stock Trading Leaks

Coinbase has teased a “new period” for the crypto change, with “thrilling product bulletins” approaching December 17. An organization consultant pointed Decrypt in direction of the tease in response to questions on leaks that seem to indicate the platform testing prediction market and inventory buying and selling options.

Jane Manchun Wong, a self-defined “hacker turned builder and guide,” posted screenshots on Wednesday that appeared to indicate a Coinbase prediction market.

It seems that Coinbase’s prediction market platform will likely be provided by way of an integration with Kalshi—the second-largest prediction market by buying and selling quantity, per Dune, behind Polymarket. Listed markets proven within the screenshots embody, “Will Trump launch any of the Epstein information?”

Wong additionally posted screenshots that recommend that Coinbase is exploring the potential for providing widespread inventory and ETF buying and selling by way of its app. No particular shares have been proven. She added that public entry to the prediction market integration appeared to have been pulled following her social media share.

Wong informed Decrypt that she obtained these pictures by reverse-engineering the publicly obtainable app code on Coinbase’s web site. Wong has made a reputation for herself by uncovering new options and performance from tech platforms and widespread apps, reminiscent of breaking the news on Fb testing a relationship function and discovering Airbnb’s flight integration function.

Coinbase didn’t deny the leaks to Decrypt, however fairly stated, “Tune in to the livestream on Dec seventeenth to seek out out what new merchandise we’re transport.” The spokesperson additionally pointed Decrypt to a Tuesday X submit teasing a “new period” for Coinbase to be ushered in by way of a December 17 livestream with “thrilling product bulletins.”

Wong informed Decrypt that she’s “wanting ahead [to] when the entire image is unveiled on December 17.”

Earlier this month, Kalshi selected Coinbase Custody to safeguard its USDC stablecoins. A full integration of the Kalshi prediction market can be a large step ahead on this relationship.

Prediction markets enable customers to foretell the outcomes of real-world occasions by placing cash on the road. They usually’re all the craze proper now, racking up billions of {dollars} in buying and selling quantity as increasingly platforms enter the area. Kalshi has generated $17 billion in whole quantity to this point, based on Dune, whereas Polymarket has processed $34.39 billion in quantity.

As for inventory buying and selling in crypto, this has been a function that crypto has flirted with for years. In June, buying and selling app Robinhood launched tokenized stocks, together with providing tokenized fairness for a handful of private companies. Kraken and different platforms additionally provide tokenized shares, referred to as xStocks, by way of networks like Solana and BNB Chain.