Kraken Could Be Next Crypto Broker to Enter Prediction Markets

Kraken Could Be Next Crypto Broker to Enter Prediction Markets

It is likely that the bitcoin brokerage firm will enter the market in the upcoming year, therefore industry observers placing 2026 prediction markets bingo cards should make sure they have Kraken on their lists.

In an interview with CNBC on Wednesday, Mark Greenberg, the global head of consumer at Kraken, stated that markets had a successful year in 2025 and that this trend might continue in 2026.

"(Prediction markets are) a way to take information and alpha and your opinions on what’s going to change in the world and be able to prove that end,” Greenberg told CNBC.

He stated that Kraken is excited to offer prediction markets to its clients in the upcoming year, describing it as a "fantastic opportunity" for the company's clients to trade more and have more access to various trading vehicles.

Kraken Forecasts a Well-Timed Market Entry

Kraken's focus on prediction markets is not unexpected. The business paid $100 million to acquire Small Exchange from IG Group in October, giving the purchaser the license required to offer event contracts in the United States.

Because these transactions are frequently more effective than waiting for regulatory clearance for the relevant permits, a number of Kraken used similar acquisitions to gain entry into the prediction markets sector. The Commodities Futures Trading Commission (CFTC) licenses Small Exchange as a designated contract market (DCM), which is required for businesses to trade exchange-listed derivatives, such as yes/no event contracts, in the United States.

Kraken is enthusiastic about the "connections between prediction markets and traditional markets over the year to come," according to Greenberg, who spoke with CNBC.

The executive did not address whether Kraken will offer an internal prediction market platform like rival Crypto.com or collaborate with a well-known event contracts platform like rival Coinbase is doing with Kalshi.

Prediction markets and cryptocurrency continue to intersect

In 2026, Kraken will join competitors Coinbase, Crypto.com, and Gemini Space Station as the newest cryptocurrency broker in the prediction markets space. Not to mention Robinhood Markets, a conventional brokerage with substantial exposure to digital currencies.

Some feel that the merger of cryptocurrency and prediction markets, which many experts regard to be in the early stages of its growth spurt, is both natural and useful. Among the elements influencing the onchain use cases for the interaction between cryptocurrency and prediction markets are the development of blockchain technology and the proliferation of stablecoins.

Another way to look at that situation is that prediction markets present a new use case for cryptocurrencies, possibly offering crucial validation to an asset class that is still in its infancy like prediction markets.