Silicon Valley tech sleuth leaks Coinbase’s next big product

Jane Manchun Wong has built an full vocation connected discovering things she was ne'er expected to see.

Her sanction has go shorthand wrong Silicon Valley for “the leak earlier the leak,” acknowledgment to her unmatched quality to propulsion unreleased features retired of nationalist root codification earlier the companies themselves denote them.

Over the past decade, Wong has revealed large rollouts from Facebook, Instagram, TikTok and X, including Meta’s NFT integrations successful 2022, Instagram’s subscription tools successful 2021 and X’s aboriginal “Blue” monetization features months earlier they went public.
In tech circles, her posts are treated astir similar aboriginal merchandise property releases.

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Now, Wong appears to person resurfaced with a caller people and this clip the find centers connected 1 of the largest players successful crypto.

On Nov. 19, she suggested she whitethorn person uncovered Coinbase’s adjacent large offering, an in-house prediction markets level backed by Kalshi.

Prediction markets person exploded successful legitimacy and volume.

According to information from on-chain analytics level Dune, Polymarket recorded trading measurement of $23 cardinal till Nov. 15, hosting supra 1.5 cardinal users connected its platform. The level became the fastest-growing user crypto app this year, crossing grounds unfastened involvement levels crossed election, sports, macro and AI markets.

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In her post, Wong wrote that Coinbase is “working connected a prediction market,” and she shared screenshots taken from what appears to beryllium a afloat designed, unreleased website.

The images amusement a Coinbase-branded interface with binary markets, class tabs, onboarding flows and a assistance conception explaining event-contract mechanics.

One screenshot states straight that the prediction marketplace is “offered by Coinbase Financial Markets done Kalshi,” indicating that Coinbase’s derivatives limb would service arsenic the regulated entity down the marketplace.

Another shows options for backing markets utilizing either U.S. dollars oregon USDC, aligning with Coinbase’s propulsion to grow real-world fiscal products into its stablecoin ecosystem.

TheStreet Roundtable could not independently verify the authenticity of the screenshots.

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Such a determination would enactment Coinbase successful nonstop contention with Polymarket and Kalshi, which, contempt its explosive growth, does not run arsenic a CFTC-regulated speech for U.S. users and relies connected strict geoblocking and third-party KYC enforcing partners.