Archive · 18 Dec 2025
Coinbase Partners with Kalshi for Prediction Markets
Coinbase, a big company that deals with cryptocurrency, is teaming up with Kalshi to let people bet on the outcomes of sports games, elections, and economic events.
This is part of Coinbase's plan to become a place where people can trade all kinds of things, not just crypto.
Other companies like Robinhood and Gemini are also getting into this business.
Some people think these prediction markets are risky and can be manipulated, but others see them as a fairer way to make money compared to traditional stock trading.
Coinbase and Kalshi say their markets are structured to be more transparent and less risky than traditional gambling.
Coinbase partners with Kalshi to offer prediction markets on sports, elections, and economic indicators.
Coinbase aims to become an 'everything exchange' for trading all assets 24/7.
Other companies like Robinhood, Gemini, and Truth Social are also entering the prediction markets space.
Critics argue prediction markets are high-risk and lightly regulated, susceptible to manipulation and gambling addiction.
Kalshi defends prediction markets by stating there is no house advantage and no limits on winnings.
- Who
- Coinbase, Kalshi, Robinhood, Polymarket, Gemini, Truth Social, FanDuel, CNN
- What
- Partnership to offer prediction markets on sports, elections, and economic indicators
- When
- Upcoming months for Coinbase's initial offering
- Where
- United States
- Why
- To become a one-stop exchange for trading needs and expand beyond crypto
- Companies Involved
- Coinbase, Kalshi, Robinhood, Polymarket, Gemini, Truth Social, FanDuel, CNN
- Prediction Market Types
- Sports games, elections, economic indicators
- Investment in Kalshi
- $1 billion at $11 billion valuation
- Investment in Polymarket
- Up to $2 billion by Intercontinental Exchange
- Coinbase's Vision
- Become an 'everything exchange' for trading all assets 24/7
- Criticisms
- High-risk, lightly regulated, susceptible to manipulation and gambling addiction
- Example of Controversy
- Polymarket trader profited $50,000 on a last-minute bet on a Nobel Peace Prize winner
- Defense by Kalshi
- No house advantage, no limits on winnings