Cryptocurrency exchange Coinbase has revealed plans to expand its operations in the US to include prediction markets and other services.
Prediction markets allow customers to stake money on a yes or no outcome for something to occur in the future. Crypto-trading and prediction platforms like Coinbase and Kalshi provide various prediction markets, including on sports, politics, and pop culture.
Coinbase’s prediction platform will launch in the US in the next few months and then roll out internationally, depending on approval from different jurisdictions.
The company also intends to provide tokenized equity following the Securities and Exchange Commission’s decision to create rules for crypto-based trading through its Project Crypto.
