TechFlow news, December 13 — According to CNBC citing sources familiar with the matter, cryptocurrency exchange Coinbase is preparing to launch an internal prediction market supported by prediction platform Kalshi. This move is part of Coinbase's strategy to broaden its range of tradable assets amid a backdrop where some investors are avoiding digital assets.
The source said Coinbase and Kalshi will formally announce their partnership soon, possibly as early as next week. The collaboration is not exclusive, but Kalshi will be Coinbase's sole prediction market operator at launch.
According to The Information, Coinbase plans to unveil the product during its "Coinbase System Update" event on December 17. Bloomberg also reported that Coinbase will announce a tokenized stocks product at the same event.
Coinbase declined to confirm the reports to CNBC but said users should stay tuned for its upcoming event next week.
