The formula in your revised version can be written as
$$
P(n)\, : \,\dfrac{(2n)!}{n!}=2^n\cdot \prod_{k=1}^{2n-1}(2k-1)
$$
You are correct with your induction base: ##\dfrac{(2\cdot 1)!}{1!}=2=2^1 \cdot \prod_{k=1}^1(2k-1).##
Next, you may assume that ##P(n)## is true (the induction hypothesis). You can also assume that ##P(m)## is true for all ##m\leq n## but I don't think this is necessary.
Finally (the induction step), we must somehow prove ##P(n+1).## The advantage of a proof by induction is, that we can use ##P(n)## as a proven statement. However, ##P(n+1)## is what we must show.
That is
$$
P(n+1)\, : \,\dfrac{(2n+2)!}{(n+1)!}=(n+2)(n+3)\ldots (2n+2)\stackrel{!}{=}2^{n+1}\cdot 1\cdot 3 \ldots (2n+1)=2^{n+1}\cdot \prod_{k=1}^{2n+1}(2k-1)
$$
You must prove ##(!)##. The way to do it, is to bring it into a form where you can apply ##P(n).##
Hint: Start on the right and write the product as ##c(n)\cdot 2^n\cdot \prod_{k=1}^{2n-1}(2k-1)## with some integer ##c(n)## and apply the induction hypothesis to it. Then bring it into the requested form on the left.