Coinbase is developing a new prediction markets platform, a move that signals a significant step in its strategy to become an "everything exchange". [1, 7] The platform, which will be offered through its Coinbase Financial Markets division, is being built in partnership with Kalshi, a U.S. federally regulated exchange for event contracts. [4, 5, 9] The development was first revealed by tech researcher Jane Manchun Wong, who shared screenshots of the in-development interface. [4, 5] The platform will allow users to trade on the outcomes of real-world events across categories like economics, politics, sports, and science, using either U.S. dollars or the USDC stablecoin. [5, 9] This initiative aims to tap into the growing interest in event-based trading and create new revenue streams for Coinbase. [1, 5]