Coinbase Is Latest to Join Prediction-Markets Frenzy

Coinbase Global is getting into prediction markets in a bid to become a one-stop exchange for Americans’ trading needs, the latest sign that tech platforms offering wagers on real-world events are finding their way into every corner of Wall Street.

The company has struck a partnership with prediction-markets specialist Kalshi that will allow Coinbase investors to trade on the outcomes of sports games, elections and economic indicators, using the yes-or-no bets that have come to define prediction markets. In the months to come, the exchange plans to offer contracts provided by other prediction platforms.