• Coinbase Global (COIN) launched event contracts and completed acquisition of The Clearing Company, bringing clearing in-house to expand its exchange and prediction-market capabilities for traders.
  • Over three trading days ARK Invest bought about 122,544 shares of Coinbase Global (COIN) totaling ~$18.6M; one day saw 45,164 shares across ARK ETFs worth about $6.85M.
  • Coinbase (COIN) may pursue growth through M&A in the prediction market space; Bernstein flagged Kalshi and Polymarket as possible targets amid expected market consolidation.