Coinbase’s Prediction Market: A Gamble or a Comedy? 🤔💰

by

Coinbase’s Prediction Market: A Gamble or a Comedy? 🤔💰

In the muddy waters of capitalism’s beast, Coinbase, that proud titan of digital gold, dares to dream-of a prediction markets website. Ah, the irony! A giant beast poking its nose into the tiny, chaotic realm of prophecy, where no one truly knows what tomorrow may bring, but everyone bets on it anyway. A tech researcher, with a glint of mischief, posts screenshots that seem to show the colossal exchange backing a platform by Kalshi. Who would’ve thought? Maybe they’re just hedging their bets-literally!

Jane Manchun Wong, the digital detective, known for digging up secrets buried beneath the giants’ shiny facades-Facebook, Instagram, and now Coinbase herself-tweeted her findings. And what did she find? A prediction market, splattered with Coinbase’s logo like ketchup on a white shirt-trying to look serious, but we all know it’s just a fancy gamble in a digital casino. 🃏

The screenshot shows the market run by Coinbase Financial Markets, the derivatives arm that seems to be dreaming big-probably too big for its britches-working through Kalshi to offer these psychic services.

Images also reveal typical interfaces-charts, FAQs, branded guides-all splashed with the familiar Coinbase logo, as if to say, “Trust us, we’re almost experts at predicting the future-until we crash.” 🚀

Coinbase, that juggernaut, already declared in July its grand scheme-to become an “everything exchange”-sounds like a Swiss Army knife, but with more ways to lose your shirt. Partnered with Kalshi since November 13, they’re custodians for the USDC-backed event contracts-because what could go wrong? Nothing like mixing finance and fortune-telling for a circus act!

Neither Coinbase nor Kalshi deigned to comment-perhaps they’re too busy consulting with their crystal balls. Wong, the sleuth, is famous for snooping through code, peering into the secret shadows of social platforms-like a digital detective sniffing out a surprise party that everyone but them knows about.

According to the screenshots, the prediction markets will accept USDC, dollars, and crazy events alike-economics, sports, politics, science, and tech-like a modern-day oracle shop, but with less wisdom and more luck. Mark your calendars-markets will keep popping up like weeds, because what’s more exciting than gambling on the future? 🧙‍♂️

Prediction markets have been the hottest, riskiest trend in crypto this year-surging like a rocket, or crashing like a bad joke. Platforms such as Kalshi and Polymarket are raking in volumes, while rivals scramble to join the circus: Crypto.com is offering prediction markets, and Gemini plans to launch its own super app, filing paperwork to turn that dream into a nightmare-or a jackpot.

Read More

2025-11-19 09:55