According to a CNBC report citing sources familiar with the matter, cryptocurrency exchange Coinbase is preparing to launch an internal prediction market powered by prediction platform Kalshi. This move is part of Coinbase's strategic expansion of asset class coverage amid concerns among some investors are avoiding digital assets. The source stated that Coinbase and Kalshi will officially announce their partnership soon, possibly as early as next week. The partnership is not exclusive, but Kalshi will be Coinbase's sole prediction market operator during the initial launch phase. According to The Information, Coinbase will release the product at its "Coinbase System Update" event on December 17th. Bloomberg also mentioned that Coinbase will announce a tokenized stock product at the event.