Krypto News: Coinbase and Crypto.com Launch Prediction Markets
Major cryptocurrency exchanges Coinbase and Crypto.com have recently launched prediction market platforms, expanding their offerings beyond traditional crypto trading. Coinbase activated its "Coinbase Predict" feature across all 50 U.S. states in partnership with regulated provider Kalshi. This allows users to trade binary event contracts on real-world outcomes in sports, politics, and economics, settled in USD or USDC. The platform operates under CFTC oversight, creating a regulatory distinction from gambling.
Simultaneously, Crypto.com introduced its standalone prediction market app, "OG," operated by its CFTC-registered derivatives division. A key differentiator is its planned offering of margined, leveraged positions on prediction contracts, alongside social features and user incentives.
The article highlights the growing interest in event-based trading and questions which infrastructure can best support it. It points to Bitcoin Layer-2 solutions, like the project "Bitcoin Hyper," as a potential foundation for building scalable, decentralized prediction markets. The project's ongoing presale, having raised over $31 million, is cited as evidence of significant market interest in expanding Bitcoin's use cases beyond a store of value.
bitcoinist02/04 14:24
