Consumer Finance

Bernstein says vertically integrated prediction market platforms are reshaping the competitive map across sportsbooks, exchanges and consumer finance firms. The broker argues that this shift could accelerate acquisitions and make major industry combinations more plausible.

Coinbase is widening its platform beyond crypto with stock and ETF trading, options, tokenized equities and pre-IPO futures. The exchange is also rolling out AI-powered advisory and consumer finance features as it pursues an everything exchange model.