Coinbase is partnering with Kalshi, a federally regulated exchange, to launch a new prediction market platform. This initiative will be unveiled at the 'Coinbase System Update' event on December 17. The move aligns with Coinbase's strategy to evolve into an 'everything exchange,' expanding its offerings to include tokenized stocks and event contracts. This year, Coinbase has also acquired Deribit and Spindl, enhancing its competitive edge against rivals like Robinhood and Kraken in the crypto exchange sector.