Coinbase Opens Prediction Markets in All 50 States
Coinbase just flipped the switch on prediction markets across all 50 US states. Coinbase built this using Kalshi, a federally regulated platform overseen by the US Commodity Futures Trading Commission.
This move pushes Coinbase closer to its “everything exchange” goal. The same app that holds your Bitcoin could soon offer stocks, tokenized assets, and event contracts in one place.
Out: Odds set by the house.
In: Price set by the crowd.
Now there’s a new way to trade your takes.
Prediction markets are live in all 50 states on Coinbase.
Trade any real-world outcomes across sports, politics, culture and more. pic.twitter.com/CIjz9T9pjX
— Coinbase
(@coinbase) January 28, 2026
Coinbase’s huge user base gives it a real advantage, especially as it rolls out extras like crypto futures. Kalshi itself sits at an $11 billion valuation, showing how big this space has grown, and the partnership runs through Coinbase Financial Markets, open almost around the clock with just quick weekly check-ins.
(Source: DefilLama)
What edge does Coinbase have in the prediction markets sector? Beginners already trust Coinbase with custody and compliance, especially compared to offshore rivals like Polymarket, which has drawn heat from state regulators and lawmakers.
It also puts pressure on competitors. Robinhood offers event contracts in limited states, while crypto-native platforms face tighter scrutiny. Coinbase’s scale gives it an edge, especially as it keeps adding new products like recently listed crypto futures.
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The Booming World of Prediction Markets – Coinbase Joins The Trend
Prediction markets have turned into a massive arena, pulling in billions as more people join the action. In 2025 alone, top platforms like Polymarket and Kalshi racked up over $37 billion in total trades, with some estimates hitting $47 billion globally.
Weekly volumes climbed to records like $6 billion, and daily highs in early 2026 reached $814 million, putting January on track for a whopping $16.4 billion monthly total. That’s a huge jump from 2024’s $9 billion, and experts see it pushing toward $40 billion or more as the year rolls on.
(Source: Dune)
User numbers tell an even wilder story. Weekly active traders hit 335,583 in the first days of 2026, while platforms handled 97 million transactions last year: up over 1,600% from before. Polymarket boasts around 478,000 monthly actives, and the global crowd could swell to 15 million or beyond. Sports events drive a ton of this, up to 90% of trades in some spots, with politics and culture filling in the rest.
Looking ahead, revenues for these firms might top $10 billion by 2030, up from $2 billion now, as they weave into everyday finance.
It’s not just numbers; these markets now show up on news like CNN and The Wall Street Journal, turning crowd wisdom into real-time insights.
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Why Traders Can’t Get Enough of Prediction Markets
People love how these platforms beat polls at spotting outcomes, acting like a “truth machine” that pulls in everyone’s best guesses with real stakes on the line. It’s engaging: you follow elections, sports games, or even pop culture twists, and the constant updates keep you hooked, like a live feed of what’s next.
The surge also ties into broader economic pressures. Many young people face rising costs, stagnant wages, and slim chances of hitting milestones like owning a home amid ongoing housing shortages and uncertainty.
In this environment, traditional paths to building wealth feel blocked, so some turn to high-risk plays like prediction markets or related gambling as a shot at a quick win or escape from financial strain.
It’s a sign of desperation for some, where betting on events feels like one of the few ways left to “make it big” when everyday prospects look dim.
The hype surrounding prediction markets appears to be increasing. However, it’s important to monitor evolving regulations. Federal oversight is currently in place for Kalshi, but there are ongoing discussions at the state level, particularly concerning sports. Lawmakers remain vigilant following past concerns about fair play in political trades.
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