Crypto.com and Coinbase Take Diverging Paths Into Prediction Markets

[madtrader]

Crypto.com and Coinbase are pursuing prediction markets with markedly different strategies. Crypto.com recently sought to hire a quantitative trader for an internal market-making desk that would trade prediction contracts alongside users, raising questions about conflicts of interest. The company says the initiative is intended to improve liquidity and operates under the same rules as external participants.

Coinbase, meanwhile, is signaling a longer-term, regulated approach. The exchange announced its acquisition of The Clearing Company, an onchain prediction market startup with leadership experience from Polymarket and Kalshi. Coinbase views prediction markets as a key growth area heading into 2026, particularly as regulatory and tax dynamics evolve.

[kevin1]

crypto.com trading against its own users? yeahhh that’s a little sus ngl

[JanEmil]

We don't need it. Will make many poor.