Kalshi prediction markets powered by USDC and safeguarded by Coinbase Custody

TL;DR: Kalshi has selected Coinbase to custody USDC for event-based contracts, ensuring security for users depositing or getting paid out in USDC.

By Coinbase

Product

, November 13, 2025

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At Coinbase, our mission has always been to increase economic freedom. Through our products and across the cryptoeconomy, we are helping to bring more people onchain, giving customers new ways to access, trade, and interact with the world's markets. 

Today we’re announcing that Kalshi, the largest prediction market in the U.S., has chosen Coinbase Custody to safeguard their USDC – giving participants peace of mind when they trade on real-world outcomes.

Coinbase Custody is the standard for crypto custodial solutions trusted by the biggest enterprises globally. It offers clients unparalleled speed, security, and compliance – creating a robust, seamless custody solution to meet the needs of institutions.

Why this partnership matters

Prediction markets let people trade on the outcomes of real-world events – from inflation trends and elections to sports outcomes and government policy decisions. For these markets to work, participants need confidence that the money they use is as steady as the events they’re betting on. Real markets rely on real stability. 

That’s where USDC and Coinbase Custody come in. Together, they bring the trust, transparency, and institutional security that turn new financial ideas into something durable. Kalshi’s regulated exchange offers a compliant venue for event-based trading, while Coinbase delivers the underlying support – custody, liquidity, and a reliable digital dollar – to keep it running smoothly.

Security isn’t just a feature,it's the foundation. By combining Kalshi’s regulated framework with Coinbase’s custody standard and USDC’s stability, we’re proving that financial innovation can be both trusted and transformative.

Availability Note: Event-based markets through Kalshi are currently available in select regions. Expanded availability is expected as regulatory approvals are obtained

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