Coinbase has made a significant move in the prediction markets space by expanding its feature to users across all 50 US states. This development allows customers nationwide to engage in event-based trading directly within the Coinbase app, marking a notable shift in the accessibility of such financial instruments. The material points to an encouraging trend: more users are likely to participate in these markets as they become more widely available.
Partnership with Kalshi
The expansion is made possible through a partnership with Kalshi, a regulated exchange for event contracts. Users can now trade on various outcomes, including:
- sports events
- political elections
- major economic indicators
using crowd-priced contracts that reflect market sentiment. This rollout, confirmed on January 28, follows an initial limited launch in December, which was available only to select users.
Growing Interest in Prediction Markets
The feature's introduction highlights the increasing interest and demand for regulated prediction markets in the United States, as more individuals seek to capitalize on event-driven trading opportunities.
Coinbase's recent expansion into prediction markets, as detailed in the previous news, is complemented by its collaboration with Kalshi, which is expected to significantly impact market dynamics. For more insights, see market impact.
