World Cup Could Fuel Coinbase Prediction Markets: Bernstein

The 2026 FIFA World Cup may mark a breakout second for prediction markets, with Coinbase rising as one of many largest winners, in line with a brand new analysis report from Bernstein.

Revealed Thursday, the Bernstein analysts estimate the expanded event will generate greater than $3 billion in incremental sports activities betting deal with and $5 billion to $10 billion in extra shopper prediction market quantity, as 104 matches rework what is usually the slowest interval for on-line sports activities betting.

FIFA expects the month-long event to draw roughly 6 billion viewers worldwide, up from an estimated 5 billion throughout the 2022 World Cup in Qatar. Matches are scheduled to begin right now.

Bernstein mentioned Coinbase has established itself as a serious participant within the sector, surpassing $100 million in annualized prediction market income in March, simply months after launching the product.

As Cointelegraph reported, the crypto alternate rolled out prediction markets nationwide by means of a partnership with Kalshi, permitting customers in all 50 US states to commerce occasion contracts tied to sports activities, politics, tradition and different real-world outcomes.

Robinhood can also be anticipated to learn from the event. Bernstein famous that the brokerage is utilizing the occasion to launch Rothera, its personal US Commodity Futures Buying and selling Fee (CFTC)-licensed alternate and clearinghouse for prediction markets.

“[W]e count on prediction markets to be the most important driver of incremental income for Robinhood,” the analysts wrote, forecasting roughly $586 million in prediction market income for 2026.

Bernstein expects the FIFA World Cup to remodel the slowest months for on-line sports activities betting into a serious driver of betting and prediction market volumes. Supply: Bernstein

Associated: Coinbase fends off Nevada’s emergency bid to halt prediction markets

Sports activities emerge as prediction markets’ largest progress driver

Prediction markets have change into one in all crypto’s fastest-growing use circumstances, increasing even because the broader digital asset market has cooled.

An April report by Bitget Wallet and Polymarket discovered that month-to-month prediction market buying and selling quantity reached practically $26 billion, with retail merchants accounting for greater than 80% of customers.

Prediction market volumes have grown significantly since late 2025. Supply: Bitget Pockets

The report additionally pointed to a structural shift in consumer conduct. Moderately than attracting exercise round one-off occasions reminiscent of elections, prediction markets are more and more retaining customers throughout recurring classes, with sports activities rising as the biggest section.

In March alone, sports activities betting accounted for greater than 39% of prediction market volumes, in line with Bitget Pockets and Polygon.

The CFTC on Wednesday issued draft rules for prediction markets signaling that sports activities occasion contracts are usually not opposite to the general public curiosity despite the fact that federal legislation classifies them as “gaming.”

Associated: Kalshi, Polymarket eye $20B valuations in potential fundraising: WSJ