Overview
- Announced Nov. 13, the partnership places the stablecoins backing Kalshi’s event contracts under Coinbase’s institutional custody.
- Kalshi users can deposit, transfer, and receive payouts in USDC with custody protections integrated into the platform.
- Coinbase Custody provides cold storage, segregated accounts, and compliance standards commonly used by major institutions.
- The move builds on Kalshi’s recent Base integration for easier USDC deposits and Google Finance’s Nov. 6 display of real-time odds.
- Coverage notes the arrangement may serve as a template for other U.S. prediction markets seeking regulated settlement infrastructure.