Cryptocurrency exchange Coinbase has launched its Kalshi-powered prediction market nationwide for US customers.
The feature, initially rolled out in a limited capacity, is available to users in all 50 states. Through the partnership with Kalshi, which operates as a US exchange regulated by the Commodity Futures Trading Commission, users can wager on all of Kalshi’s event contracts, including sports, politics, and culture.
Coinbase users will be able to use either cash or Circle stablecoin from their Coinbase accounts to trade on Kalshi’s markets, according to Decrypt.
The contracts differ from those of sportsbooks and casinos, as users take positions against each other rather than betting against the house. This has so far allowed them to avoid applying for state gambling licenses.
