Coinbase is preparing to open a new front in the race for on-chain market infrastructure by launching both prediction markets and tokenized stocks on its platform.
Coinbase Adopts Prediction Markets
The prediction markets product will let users trade contracts tied to real-world events, with prices reflecting the crowd’s implied probabilities. These markets can cover themes such as macroeconomic data, interest-rate decisions, sector milestones, and crypto-native events, depending on how the final rulebooks draw the boundaries. Each contract settles based on a verifiable outcome, turning questions like “Will rates rise at the next Fed meeting?” into tradable instruments.
From a structure standpoint, Coinbase is likely to treat these markets more like regulated derivatives than casual bets. That means clear event definitions, predetermined settlement sources, and tight controls on manipulation or insider-sensitive topics.
Users will see order books and P&L like any other market. Still, behind the scenes, legal teams and compliance officers will work to keep the products inside whatever regulatory perimeter is agreed upon with U.S. agencies.
Wall Street Comes On-chan through Tokenized Stocks
Alongside prediction markets, Coinbase plans to list tokenized versions of traditional stocks, giving users exposure to familiar tickers without leaving the crypto-native environment. Each token is expected to represent an interest linked to an underlying share custodied through a partner broker or infrastructure provider, with pricing mapped 1:1 during market hours and potentially in extended sessions.
This design turns the Coinbase interface into a hybrid: crypto wallet on one side, equity-like exposures on the other, both settled through the same account. For users in regions with limited brokerage access, tokenized stocks can serve as a bridge to names that would otherwise be unavailable due to local capital controls or paperwork.
For U.S. users, the appeal centers more on 24/7 markets, seamless collateralization, and the ability to park both crypto and equity exposure in unified portfolios.
The strategy is not without risk, however. Prediction markets tread close to regulatory debates around gambling, event contracts, and what regulators define as “gaming” rather than hedging. Tokenized stocks raise tough questions on custody chains, voting rights, tax treatment, and how failures or halts in underlying markets flow through to tokens.
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