Coinbase Expands Prediction Markets to All 50 States

• Coinbase prediction markets are now available in all 50 U.S. states via Kalshi.
• Event contracts start at $1 and cover politics, sports, and macro outcomes.
• Coinbase is expanding beyond crypto into a multi-asset platform with prediction markets.

Coinbase has expanded its prediction markets offering to users across all 50 U.S. states through its partnership with Kalshi, completing a nationwide rollout that was previously limited to select regions. The expansion allows users to trade contracts tied to real-world events, including politics, sports, entertainment, culture, and macroeconomic outcomes, while managing these positions alongside crypto, equities, and cash balances within a single interface.

The product supports minimum trade sizes starting at $1 in USD or USDC. At launch, all market flow originates from Kalshi, a Commodity Futures Trading Commission–regulated prediction market platform. Coinbase has indicated plans to support contracts from additional prediction market platforms in the coming months.

Coinbase Prediction Markets Reach Nationwide Availability

The nationwide rollout follows Coinbase’s initial announcement last month, when the company began providing limited access to event-based contracts. Prediction markets enable users to trade contracts that reflect the collective probability assigned to specific outcomes by market participants.

The expansion comes as prediction markets record increased activity and revenue. Combined trading volumes on Polymarket and Kalshi surpassed tens of billions of dollars last year and are on track to reach record highs again this month.

In addition, other financial and trading platforms have recently entered the prediction markets category. CME Group, through its partnership with FanDuel, has introduced related offerings, while Robinhood and Webull have added prediction markets as a new product line. Goldman Sachs is also exploring participation in the sector.

Strategic Expansion of Coinbase’s Product Suite

For Coinbase, prediction markets form part of a broader effort to expand beyond crypto trading into a multi-asset platform. The company aims to integrate stocks, derivatives, stablecoins, payments, tokenized assets, and onchain products within its platform to consolidate user activity.

Last month, Coinbase announced the acquisition of The Clearing Company, founded by Toni Gemayel, a former head of growth at both Polymarket and Kalshi. The acquisition is intended to support the scaling of its prediction markets offering.

Related: ​​Kalshi Integrates BNB Smart Chain for Crypto Deposits and Withdrawals