TLDR Coinbase said its prediction market business passed $200 million in annualized revenue in the third quarter. Daily prediction market traders grew more than 60% from the previous quarter. The product has posted 82% quarterly compound growth since launching less than a year ago. Coinbase said prediction market users are also adding to its spot crypto trading volume. CFO Alesia Haas said the business is less tied to crypto price swings.
Coinbase said its prediction market business has become one of the fastest-growing products in company history. The crypto exchange shared the update in its third-quarter earnings report.
The company released its results after U.S. markets closed. Coinbase is the largest regulated cryptocurrency exchange operating in the U.S.
Prediction Market Revenue Passes $200 Million
Coinbase said its prediction market business passed $200 million in annualized revenue during the September quarter. The number of daily traders grew more than 60% compared with the previous quarter.
The company said prediction markets have seen 82% quarterly compound growth since launch. Coinbase has offered the product for less than a year.
“Coinbase prediction markets are one of the fastest-growing products by revenue in Coinbase’s history, creating a new source of growth for the Everything Exchange,” the company said in a statement.
Coinbase offers event contracts through a partnership with a leading prediction market operator. These contracts let users trade on the yes or no outcome of real-world events.
Coinbase to list own prediction contracts, Q3 run rate tops $200m:
Coinbase’s prediction markets passed $200m in annualized revenue in Q3 2026 as the exchange moves to list its own contracts, reducing its reliance on Kalshi.
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Prediction Traders Moving Into Crypto
Coinbase said prediction market users are also adding to