Coinbase Event Trading was launched as a regulated prediction market venue integrated directly into the primary Coinbase consumer and pro applications, allowing users to trade binary event contracts alongside digital assets.
Operated under CFTC oversight via Coinbase Financial Markets (CFM)—a registered Futures Commission Merchant—and in strategic clearing partnership with CFTC-regulated Designated Contract Markets like Kalshi, the platform bridges crypto balances with mainstream derivatives infrastructure.
Traders can instantly collateralize predictions across macroeconomic data releases, central bank interest rate decisions, political elections, sports outcomes, and crypto benchmark prices using unified USD and USDC account balances.
- 2023 CFM Futures Approval Coinbase Financial Markets receives NFA and CFTC approval to operate as a registered Futures Commission Merchant.
- 2024 Kalshi Strategic Partnership Partners with Kalshi and adopts USDC clearing integration with Coinbase Custody to power regulated prediction markets.
- 2025 App-Native Event Market Rollout Launches prediction market trading directly inside the main Coinbase mobile and web interfaces.
- 2026 50-State Nationwide Scaling Expands event contract coverage to retail and institutional users across all 50 U.S. states with continuous 24/7 market access.
It is Coinbase's integrated prediction market platform allowing users to trade CFTC-regulated binary event contracts directly within the Coinbase application.
Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam.
Trading is facilitated through Coinbase Financial Markets (CFM), a Futures Commission Merchant registered with the CFTC and a member of the NFA, alongside DCM partners like Kalshi.
Contracts can be purchased and settled using USD cash balances or native USDC holdings.
Coinbase is headquartered in San Francisco, California.