Know-how researcher Jane Manchun Wong has shared that Coinbase
$2.76B
seems to be constructing a brand new web site for prediction markets.
Wong posted screenshots on X that appear to indicate Coinbase’s involvement within the venture.
The screenshots embody a message stating that the service is offered by Coinbase Monetary Markets, a Coinbase International department that handles derivatives.
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The photographs additionally reference Kalshi, a regulated prediction market platform that will possible energy the brand new service.
The screenshots present an internet site that appears just like different prediction platforms however is branded Coinbase. It features a primary market interface, an FAQ web page, and a brief information describing how the platform works.
Based mostly on the shared pictures, Coinbase’s upcoming platform may assist each USDC
$1.00
and US greenback transactions. The markets proven within the screenshots cowl a spread of matters, together with the economic system, sports activities, science, politics, and know-how.
Wong has a historical past of discovering hidden or upcoming product options on web sites like Fb, Instagram, and X by inspecting public code.
This improvement follows Coinbase’s feedback to CNBC in July, through which the corporate mentioned it deliberate to introduce prediction markets as a part of its objective to construct an “all the pieces trade”. On November 13, Coinbase introduced a partnership with Kalshi by changing into the custodian for Kalshi’s occasion contracts settled in USDC.
Just lately, Coinbase launched a brand new service that enables US retail buyers to take part in regulated preliminary cryptocurrency choices (IPOs). How does the service work? Learn the total story.
