Coinbase Global (NASDAQ:COIN) launched its own prediction market, powered by Kalshi, in January. Already seeing initial success, the company’s head of prediction markets shared with Benzinga what’s on the horizon.
What’s Next for Coinbase Prediction Market
According to Coinbase’s head of prediction markets, Toni Gemayel, the platform is still in the early stages.
“It’s been out for less than 45 days, so it’s just had a cup of coffee,” Gemayel said of Coinbase’s prediction market.
Gemayel expects the product to improve for both trading and information going forward.
“These are the key things that we’re really focused on,” he adds, citing sports, politics, and cryptocurrency price markets as the three areas attracting the most user interest.
As a cryptocurrency company at its core, Gemayel says Coinbase is …