CoinDesk Podcast Network Coinbase Launches Prediction Market for U.S. Customers Ahead of Super Bowl | CoinDesk Daily
Jan 28, 2026
A look at Coinbase rolling out a U.S. prediction market with Kalshi just before the Super Bowl. A report on Fidelity launching an Ethereum-based stablecoin backed by cash and Treasuries. Coverage of Hyperliquid’s hype token rally after adding gold, silver and stock trading. Discussion of how heavy silver volume and token burns boosted the token’s momentum.
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Coinbase Enters Prediction Markets
- Coinbase launched a U.S. prediction market ahead of the Super Bowl in partnership with Kalshi.
- Users can trade yes/no contracts on sports outcomes and economic indicators on the new platform.
Fidelity’s Institutional Stablecoin Move
- Fidelity will launch the Fidelity Digital Dollar (FIDD) stablecoin in early February, backed by cash and U.S. Treasuries.
- Executives cite a clear regulatory framework as the catalyst for entering the Ethereum-based token market.
Market Moves Fuel Hype Token Surge
- Tether is pushing into the U.S. market while decentralized exchange Hyperliquid's hype token surged 35% this week.
- Real-world asset trading (gold, silver, stocks) on the platform drove massive volume and token burns supporting the hype token price.