Coinbase Partners with Kalshi for Nationwide Prediction Markets

Coinbase, in collaboration with Kalshi, has rolled out prediction markets across all 50 US states, utilizing Coinbase Custody to manage USDC reserves, marking a significant expansion.

This collaboration facilitates the growth of prediction markets, potentially influencing financial instruments and increasing mainstream adoption amidst institutional investment trends.

Nationwide Rollout of Prediction Markets

Coinbase and Kalshi have collaborated to extend prediction markets across all 50 US states. This move is supported by Coinbase Custody which will safeguard the USDC reserves of Kalshi during their nationwide launch.

Coinbase, a leading cryptocurrency exchange, partners with Kalshi, the largest US prediction market platform. The initiative enables nationwide access through the Coinbase app, revolutionizing the prediction market landscape in the United States.

Potential $37 Billion Market Impact by 2025

The collaboration creates substantial opportunities for users who wish to diversify their portfolios with prediction market assets. Kalshi CEO, Tarek Mansour, states this aligns with their aspiration to transform differences in opinion into tradable assets. “The long-term vision is to financialize everything and create a tradable asset out of any difference in opinion.”

Potential outcomes include increased financial and technological integration across the markets. This partnership could stimulate growth, echoing the historical rise of similar platforms like Polymarket, with prediction market volumes hitting $37 billion in 2025.

Prediction Markets’ $10 Billion Revenue Forecast by 2030

The Coinbase and Kalshi collaboration follows previous efforts to integrate prediction markets. Notably, CME Group’s partnership with FanDuel used a similar regulatory framework, illustrating the increasing legitimacy of these markets.

Experts from Kanalcoin suggest that this could lead to significant market growth, noting the potential for prediction markets to surpass $10 billion in revenue by 2030. Historical trends indicate a 130x growth, demonstrating strong market demand. “A legitimate domain of speculation and information aggregation that our clients are demanding.”