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    Prediction Market Ruling Might Change The Case For Investing In Coinbase Stock (COIN)

    Simply Wall St·11/09/2026 08:30:05
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    • Coinbase Global reported third quarter 2026 revenue of US$1,215.58 million and net income of US$718.7 million, while partnering with Ripple to bring the RLUSD stablecoin to Coinbase Prime, Coinbase Exchange and the Coinbase Retail app.
    • The failed request to pause state enforcement actions on Coinbase Global’s prediction markets highlights ongoing regulatory risk, just as the Ripple RLUSD tie up pushes further into regulated, enterprise-grade stablecoin infrastructure.
    • We will look at how Coinbase Global’s leveraged-crypto investment narrative is affected by the RLUSD expansion amid fresh prediction market scrutiny.

    Scan how Coinbase Global’s latest RLUSD push and prediction market scrutiny compare with other listed crypto plays by reviewing our curated 18 cryptocurrency and blockchain stocks set for fresh ideas in the sector.

    Coinbase Global Investment Narrative Recap

    To hold Coinbase Global, you need to believe, as QuanD, a Simply Wall St Community investor who wrote the Narrative, argues, that the business acts as a leveraged way to gain exposure to long term crypto adoption. The latest quarter showed revenue of US$1,215.58 million and net income of US$718.7 million, which keeps attention on earnings power through the cycle.

    The more immediate swing factor remains trading activity, while the biggest near term risk is regulatory pressure on products like prediction markets. The recent court decision did not shut those products down but keeps enforcement overhang in place, so operational focus still leans on execution in core exchange, custody and subscription lines.

    Ripple’s RLUSD partnership is the clearest recent operational development for Coinbase Global tied to this story. RLUSD access across Coinbase Prime, Coinbase Exchange and the retail app broadens the stablecoin toolkit for both institutional and retail users, giving the platform another piece of regulated, enterprise grade infrastructure to build volumes around.

    RLUSD support across XRPL, Base and Ethereum, plus the potential use of RLUSD as collateral on Coinbase Global Exchange, could matter for future catalysts if it increases stable, fee generating flows that are less dependent on pure price speculation. Against ongoing prediction market scrutiny, that sort of onchain finance and payments activity may become an important counterweight.

    QuanD’s narrative arrives at a fair value of US$247.39 per Coinbase Global share by assuming revenue expands about 14.0% a year and that future profit margins reach 30.0%. Together, these assumptions imply a materially higher earnings base than today’s reported results support.

    Uncover why Coinbase Global's fair value indicates an 84% potential upside to its current price that could narrow quickly.

    NasdaqGS:COIN 1-Year Stock Price Chart
    NasdaqGS:COIN 1-Year Stock Price Chart

    Exploring Other Perspectives

    Some bullish analysts were far more focused on Coinbase Global’s prediction markets than on RLUSD. They were penciling in revenue of about US$11.8b and earnings of roughly US$2.3b by 2029, which is a very optimistic setup. Your view might differ a lot, so it can help to compare several narratives before reacting to this week’s earnings and RLUSD news.

    Explore 8 other Coinbase Global fair value estimates, including one that suggests as much as 114% upside from the current price!

    The Verdict Is Yours

    Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

    Looking For More Investment Ideas Beyond Coinbase Global?

    If the Coinbase Global story has sharpened your thinking but you want a wider watchlist, it can help to scan other opportunities that fit very different profiles, from potential turnarounds to sturdier balance sheets.