Coinbase may debut prediction markets, tokenized stocks on Wednesday: Report

Coinbase, the largest US crypto exchange, is reportedly planning to announce the launch of prediction markets and tokenized equities next week, according to a Bloomberg report citing anonymous sources. The exchange is scheduled to hold a livestream on Wednesday to showcase new products, though it is unconfirmed if these specific offerings will be included. This development follows reports from tech researcher Jane Manchun Wong about Coinbase preparing landing pages for these features. Furthermore, Coinbase joined the Coalition for Prediction Markets (CPM) alongside Kalshi and Crypto.com, with Coinbase's chief policy officer emphasizing the mission of democratizing fact-finding. Kalshi, a major prediction market operator, enables users to trade outcomes of real-world events. This move occurs amid a boom in the prediction market sector, with rival exchanges like Crypto.com and Gemini also expanding their presence in the space.

(Source：Cointelegraph)