Coinbase has expanded its prediction markets feature to users across all 50 US states, giving customers nationwide access to event-based trading directly inside its app.
The company confirmed the rollout on Jan. 28, marking a significant expansion from an earlier launch in December that was limited to a smaller group of users.
With the move, Coinbase is widening its product range beyond traditional crypto trading, while keeping the new feature within the boundaries of US regulation.
Out: Odds set by the house.
In: Price set by the crowd.
Now there’s a new way to trade your takes.
Prediction markets are live in all 50 states on Coinbase.
Trade any real-world outcomes across sports, politics, culture and more.
From pilot to nationwide access
The prediction markets feature is built in partnership with Kalshi, a US-regulated platform that allows trading on the outcome of real-world events.
Coinbase first introduced the product late last year as a pilot, restricting access while testing demand and functionality. The Jan. 28 expansion removes those limits, opening the markets to users in every US state.
Through the integration, users can trade simple yes-or-no contracts linked to specific events. Each contract represents whether an outcome will occur, with prices adjusting based on supply and demand.
As more traders take positions, the price reflects how the market collectively assesses the probability of that event happening.
Events tied to real-world outcomes
The range of available markets spans several categories, including sports, politics, entertainment, and major economic developments.
Among the most closely watched are contracts linked to decisions by the Federal Reserve, which often influence broader financial markets.
The contracts are designed to be simple, with outcomes settling based on clear, verifiable events.
Trading within a single app
All prediction market activity takes place inside the Coinbase app, sitting alongside existing crypto trading and cash features.
Users do not need to move funds to an external platform, as trades can be made using USD or USD Coin.
The minimum trade sizes are relatively low, lowering the barrier to participation.
At launch, all contracts and liquidity are provided by Kalshi.
Coinbase has said it plans to support additional providers in the future, although it has not shared details on when that expansion might occur.
Regulation shapes the expansion
The nationwide rollout comes as prediction markets gain attention in the US, particularly as regulated alternatives to offshore or decentralised platforms.
Many unregulated markets operate outside US oversight, raising concerns around consumer protection and compliance.
By contrast, Kalshi operates under US regulatory frameworks, which have helped it form partnerships with established platforms.
Kalshi has faced legal challenges in certain states, especially around sports-related contracts.
Despite those disputes, it has continued to expand its reach and secure new distribution channels.
A broader platform strategy
Coinbase has framed the expansion as part of its wider ambition to become an all-in-one financial platform.
Adding prediction markets allows the company to capture interest in event-driven trading without moving outside US rules.
The feature also aligns with growing demand for tools that let users express views on real-world events in a market-based format.
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