Coinbase isdeveloping a prediction markets website backed by Kalshi, according toscreenshots uncovered by tech researcher Jane Manchun Wong.Wong postedimages on X showing what appears to be a fully designed prediction marketsinterface branded with Coinbase's logo. The screenshots indicate the platformwill be operated by Coinbase Financial Markets, the exchange's derivativesdivision, through a partnership with Kalshi.Coinbase Reportedly BuildsKalshi-Backed Prediction Markets PlatformThere wereindications as early as August that Coinbase might be working on a platformcombining two of the most talked-about themes in recent months: tokenizedstocks and prediction markets. At the time, Max Branzburg, Coinbase’s vicepresident of product, hinted in a CNBC interview that thecompany was exploring these new offerings.“We’rebuilding an exchange for everything,” Branzburg said. “We’re bringing allassets on-chain, stocks, prediction markets, and more.” Apart from that remark,the company has not provided further details about the initiative.FinanceMagnates.comreached out to Coinbase for comment, but had not received a response by thetime of publication. Given the current market momentum, however, such a movewould not be out of the question.Especially,Coinbase already serves as custodian for Kalshi's USDC reserves, a relationshipformalized on November 13. Under that arrangement, Coinbase Custody holds thestablecoin backing Kalshi's event-based contracts.The custodydeal provides cold storage, segregated accounts, and institutional-gradesecurity for trader funds. Kalshi selected Coinbase for its compliancestandards and monitoring infrastructure, which the prediction market operatorsaid would strengthen trust in event trading.Platform Details SurfaceThe leakedimages show the Coinbase prediction markets will accept both USDC and USdollars. Markets are expected to cover economics, sports, science, politics,and technology, with regular additions planned.“Coinbase is working on a prediction market,” Wongwrote, adding screenshots of what is allegedly a new platform the exchange ispreparing.Wong has atrack record of discovering unreleased features by examining public source codeon platforms including Facebook, Instagram, and X. Her 2017 findings includedInstagram's time-tracking dashboard and Twitter's conversation subscriptiontool, both later confirmed by the companies.Racing to Capture MarketMomentumTradingvolumes on prediction markets surged in recent months. Kalshirecorded $4.4 billion in October volume, its highest monthly total, while Polymarkethit $3.02 billion the same month.Crypto.comrecently launched a prediction markets platform set to integrate with TrumpMedia. Gemini filed with the Commodity Futures Trading Commission this month tobecome a designated contract market, aiming to add prediction markets to aplanned "super app".This article was written by Damian Chmiel at www.financemagnates.com.