Coinbase Expands Into Prediction Markets with Kalshi-Powered Trading Site Leak

Highlights:

• Coinbase is building a new platform with Kalshi support, as leaked images show a push into regulated event trading.
• The prediction markets are gaining strong demand as major exchanges move to capture rising interest.
• Coinbase has expanded its global reach with a new Singapore launch that supports USDC payouts.

Coinbase is developing a new platform after leaked screenshots revealed a prediction service linked to Kalshi. Jane Manchun Wong shared the images on X. She is known for uncovering features on major tech platforms. Her screenshots showed a full interface with Coinbase branding and a clear onboarding guide. The images also showed a menu with categories across major event areas.

🚨 Coinbase is developing a full prediction markets platform, according to tech researcher Jane Manchun Wong — famous for uncovering hidden features on Facebook, Instagram and X.

📸 Screenshots she shared show a Coinbase-branded interface, FAQs and guides, all indicating the… pic.twitter.com/n1hImsTqJS

— Degen Station (@Deg3nstation) November 19, 2025

The platform will run under Coinbase Financial Markets. This unit handles the exchange’s derivatives business. The screenshots stated that the service works through Kalshi. This point signals a deep link between the two platforms. It also shows that Coinbase plans to rely on Kalshi’s regulated framework.

Coinbase told CNBC in July that it aims to create an everything exchange. The plan includes more regulated products. The company then partnered with Kalshi on Nov. 13. The partnership allowed Coinbase to act as custodian for Kalshi’s USDC event contracts. That deal strengthened their relationship before this new leak.

Wong discovered these features through public code. She used this method on many platforms in the past. Her record added weight to the leak. Coinbase did not respond to questions about the material. Kalshi also did not comment on the images.

Prediction Markets Demand Drives Exchange Competition

Prediction markets continue to attract strong demand across the crypto sector. Volumes on Kalshi and Polymarket reached new records in recent months. Users turned to event trading as global elections and major economic shifts gained attention. The interest created pressure on exchanges to launch competing services.

Crypto.com launched its own platform earlier this year. The platform links to Trump Media. It targets users who want event-based trading tied to political topics. The company said it plans to add more categories over time. This move pushed other exchanges to act quickly.

Exclusive Deal Trump & Cryptocom 🤝

'Truth Predict' will become the built-in prediction market on Truth Social powered by Crypto .com.

Users will be able to pay with $CRO to make their predictions. Massive utility for the token.

Learn more in the video below 👇 pic.twitter.com/5kvSbZie5U

— CoinBaron (@CoinBaron) October 28, 2025

Gemini also entered the race. The exchange is building a super app. The app will include prediction markets alongside other services. Gemini also filed to become a designated contract market with the CFTC. This filing marked a major step toward offering regulated event contracts. The company said it will add more tools once it receives approval.

These moves increased pressure on Coinbase. The exchange saw the trend grow at a rapid pace. It then strengthened its relationship with Kalshi. The new leak shows that Coinbase wants a central role in this sector. The platform will likely offer a large range of event contracts on day one. The features in the screenshots pointed to a wide rollout. This expansion gives Coinbase an early position in a busy market.

Coinbase Expands Global Presence Amid Market Launch

Users will likely trade with USDC or US dollars on the predictions market. The screenshots displayed both options. The interface listed categories covering economics, sports, politics, technology, and science. It also stated that new markets would often appear. This detail pointed to a broad service with active updates. The guide in the images explained how event trading works. It aligned with Kalshi’s structure and helped users understand the process.

Meanwhile, Coinbase has also expanded its business footprint with a new launch in Singapore. The rollout introduced Coinbase Business to local companies. It supports USDC payouts, global transfers, and automated accounting tools. It also offers an API for payroll and vendor management needs.

🚀 LATEST: COINBASE BUSINESS IS EXPANDING TO SINGAPORE, MARKING ITS FIRST LAUNCH OUTSIDE THE UNITED STATES. pic.twitter.com/2SjSj9CpZs

— Coinwaft (@coinwaft) November 12, 2025

The company worked with the Monetary Authority of Singapore through the BLOOM Initiative. This program supports safe cross-border digital payments. Coinbase said the launch will help startups and small firms access faster transfers. The service uses real-time banking rails through Standard Chartered. This global reach supports Coinbase’s plan to build a wider financial stack.