Coinbase's Big Plans: Prediction Markets and Stock Trading on the Horizon

Coinbase, a major crypto exchange, is stirring up excitement with hints of new features. A well-known tech insider, Jane Manchun Wong, shared screenshots suggesting Coinbase might add prediction markets and stock trading. These screenshots showed a possible integration with Kalshi, a prediction market platform. The prediction markets would let users bet on real-world events, like "Will Trump release any of the Epstein files? ". Wong also found signs that Coinbase might start offering stock and ETF trading. However, no specific stocks were mentioned. After she shared these findings, the prediction market feature seemed to be taken down from public view. Wong got these images by looking closely at Coinbase's public app code. She's known for finding hidden features in popular apps. Coinbase didn't deny the leaks but instead teased a "new era" coming on December 17. They invited everyone to tune in to a livestream for exciting product announcements. Wong is looking forward to seeing what Coinbase reveals on that day. Earlier this month, Kalshi chose Coinbase Custody to keep its USDC stablecoins safe. A full integration with Kalshi's prediction market could be a big step in their partnership. Prediction markets are getting more popular, with billions of dollars in trading volume. Kalshi has handled $17 billion in total volume, while Polymarket has processed $34. 39 billion.