Kraken Plans to Launch Prediction Markets in 2026, Doubling Down on Tokenized Stock Offerings

BlockBeats News, December 25th, according to CNBC, cryptocurrency exchange Kraken plans to launch a prediction market business in 2026. In the latest episode of CNBC Crypto World, Mark Greenberg, Kraken's Global Head of Consumer Business, revealed the company's focus strategy for the upcoming year.

Greenberg discussed Kraken's recent announcement of the acquisition of Backed Finance in the program. Backed Finance is the issuer of xStocks, a product dedicated to tokenizing traditional assets such as stocks. This acquisition is seen as a key step for Kraken to further establish its presence in tokenized equities.

In addition to the merger and acquisition progress, Greenberg also stated that Kraken is preparing to launch a prediction market in 2026 and is optimistic about the development prospects of tokenized equities in the new year.