• Jane Manchun Wong, as soon as described by the BBC as “the girl scooping Silicon Valley,” has posted screenshots to X displaying what seems to be proof that Coinbase is engaged on a prediction market.
  • Wong stated she obtained the photographs by reverse-engineering publicly obtainable code on the Coinbase web site. She additionally obtained proof that Coinbase could also be planning to permit customers to commerce shares and ETFs via its app.
  • Coinbase hasn’t confirmed Wong’s revelations however it’s promising massive information, together with new product bulletins, at its upcoming ‘Coinbase System Replace’ occasion on December 17.

Screenshots launched by Jane Manchun Wong, a San Francisco-based software program engineer, the BBC has called “the girl scooping Silicon Valley,” seem to indicate proof that Coinbase is about to broaden its product choices to incorporate a prediction market.

The pictures, posted on X by Wong on November 19, present the person interface of what she claims is Coinbase’s new prediction market, accompanied by the message “Coinbase is engaged on a prediction market.” 

One of many screenshots Wong posted exhibits a betting market titled ‘Will Trump launch any of the Epstein Recordsdata?’. This identical market additionally appears on Kalshi (presently the second largest prediction market by quantity behind Polymarket). On condition that Kalshi and Coinbase have an present enterprise relationship, it suggests Coinbase’s prediction market could possibly be an integration of Kalshi.

Final week Kalshi chose Coinbase Custody to offer safe custody providers for its stablecoin holdings. A full-blown integration of Kalshi by Coinbase, although, would mark a major step ahead of their relationship.

Talking to Decrypt, Wong said she was in a position to entry Coinbase’s prediction market platform by reverse-engineering the publicly obtainable code on Coinbase’s web site. 

Wong has earned a robust status as somebody who can uncover new software program options earlier than they’re formally introduced. Previously, she’s unearthed Fb’s relationship options and Airbnb’s flight-integration function.

On the time of writing, Coinbase has neither confirmed nor denied it’s presently creating a prediction market platform. 

Nonetheless, on the identical day Wong made her submit, Coinbase additionally posted on X about its upcoming ‘Coinbase System Replace’ occasion on December 17, stating  it’ll embrace “thrilling product bulletins” and “key enterprise updates” and proclaiming that “a brand new period of Coinbase is starting.”

Associated: $2B Coinbase–BVNK Stablecoin Deal Collapses After Exclusive Talks

Wong Uncovers Coinbase Plan to Provide Shares and ETFs in Its App

In one other submit, Wong shared screenshots apparently displaying Coinbase can also be creating performance that may enable customers to buy shares and ETFs via its app. 

The screenshots didn’t truly present which shares can be obtainable; they merely confirmed a brand new ‘Shares’ tab on the person interface, which included the classes ‘Widespread shares’ and ‘ETFs’.

It might appear considerably unusual for a crypto change like Coinbase to be including TradFi options to its platform, however they’re not the primary to try to meld the world of digital belongings and TradFi. The favored buying and selling platform, Robinhood, launched tokenised inventory buying and selling in June, whereas the crypto change Kraken is amongst a number of platforms that enable customers to commerce tokenised shares, often called xStocks, on the Solana and BNB blockchains.

Associated: Robinhood Doubles Revenue and Triples Earnings in Blockbuster Q3

Apparently, Robinhood additionally launched its own prediction market platform earlier this 12 months via an integration with Kalshi, maybe performing for example for Coinbase.

The submit Screenshots Obtained by Tech Sleuth Show Coinbase Planning Prediction Market appeared first on Crypto News Australia.