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Sources: Kalshi to be the Sole Operator for Coinbase's Early Market Prediction Market
Summary: According to sources cited by CNBC, cryptocurrency exchange platform Coinbase is preparing to launch an internal prediction market, with the product being supported by prediction platform Kalshi. This move is part of Coinbase's strategic expansion of asset categories on the trading platform, as some investors are avoiding digital assets. The source stated that Coinbase and ...
According to sources cited by CNBC, cryptocurrency exchange platform Coinbase is preparing to launch an internal prediction market, with the product being supported by prediction platform Kalshi. This move is part of Coinbase's strategic expansion of asset categories on the trading platform, as some investors are avoiding digital assets.
The source stated that Coinbase and Kalshi will officially announce their partnership soon, possibly releasing the news as early as next week. While the collaboration is not an exclusive agreement, Kalshi will be the sole operator for Coinbase's prediction market in the initial stages of the product launch.
According to 'The Information,' Coinbase is set to release the product during the Coinbase system update event on December 17. Bloomberg also mentioned that Coinbase will announce the launch of tokenized stock products during the event.
Coinbase declined to confirm the reports to CNBC but indicated that interested parties can follow their activities next week.
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Link: Sources: Kalshi to be the Sole Operator for Coinbase's Early Market Prediction Market [Copy]
