Coinbase prediction markets and tokenized equities set for Dec. 17 reveal

Investors are watching closely as Coinbase prediction markets and tokenized equities are expected to be unveiled during a major showcase next week.

Coinbase prepares product reveal for December 17

Coinbase Global plans to announce new prediction markets and a tokenized equities product on Dec. 17, according to a report from Bloomberg published on Thursday, December 12, 2025. The products are expected to be highlighted during a dedicated showcase event.

Moreover, the report, which cites a source familiar with the matter, states that Coinbase will publicly present both product lines at that showcase. The tokenized equities platform is reportedly being built and launched fully in-house, with no external partners involved at this stage.

A spokesperson for the exchange neither confirmed nor denied the report, but encouraged users to follow the coming event. “Tune in to the livestream on Dec 17th to find out what new products Coinbase is shipping,” the spokesperson said, hinting that new services will be detailed during the presentation.

Hints, leaks and the push into tokenized equities

The exchange had previously signaled that it was exploring new types of trading products, including token-based representations of traditional assets. That said, expectations intensified after screenshots began circulating on the social media platform X, apparently showing the Coinbase app with interfaces for prediction markets and tokenized stocks.

If confirmed, the tokenized equities product would place the platform more directly into the broader tokenized stock trading trend. However, offering equity-like exposure on-chain could attract close scrutiny from regulators, especially in the United States, where digital asset and securities rules remain in flux.

Competition grows in crypto-linked prediction markets

The reported launch of coinbase prediction markets would align with a wave of major crypto firms entering the event-based trading and forecasting space. The sector is currently dominated by two key players, Kalshi and Polymarket, which together operate a de facto duopoly over many regulated and on-chain event markets.

Moreover, the combined activity on these top venues has been accelerating sharply in recent months. The duo booked $7.7 billion in monthly trading volume in November, up from around $1.3 billion in August, illustrating how quickly user interest and liquidity are flowing into prediction-focused platforms.

Other exchanges are also moving aggressively into crypto prediction markets. Earlier this week, Gemini announced that it had secured approval from the Commodity Futures Trading Commission to operate as a Designated Contract Market, allowing it to launch an event contracts platform in the United States.

Crypto.com, Fanatics and the race for retail users

Another major industry player, Crypto.com, has been pushing into fan-facing event trading experiences. Earlier this month, it signed a partnership with sports apparel giant Fanatics to create a fan-led prediction market platform focused on sports and entertainment outcomes, illustrating how mainstream brands are testing this model.

This crypto com fanatics partnership highlights how event markets are being positioned not only as speculative instruments but also as engagement tools for large, existing communities. However, it also underscores the competitive environment that Coinbase will face if it formally enters the market with its own product.

Market reaction and outlook for Coinbase

Despite the anticipation around the December 17 showcase, Coinbase shares moved lower in Thursday trading. The stock fell 2.2% on the day to close at $269.02, according to The Block’s COIN price page, suggesting that equity investors are still weighing the potential impact of the new initiatives.

Moreover, while details on fees, supported markets and geographic availability have not yet been disclosed, the announcements could reshape how traditional and on-chain traders view prediction-based products. The emergence of multiple prediction market platforms from established exchanges indicates that this niche is quickly becoming a strategic battleground.

In summary, Coinbase’s expected unveiling of prediction markets and tokenized equities on Dec. 17, 2025, would mark a significant expansion of its product lineup, intensifying competition with Kalshi, Polymarket, Gemini and Crypto.com as the crypto industry races to define the next generation of event-driven trading.