Bessent Speech Prediction Market Launches on Coinbase

Coinbase, a leading cryptocurrency exchange, has been allowing users to predict Scott Bessent's speech during the RNC Midterm Convention. The prediction market allows users to buy 'Yes' or 'No' contracts on the event occurring.

The market will expire by September 24, 2026, and trading is prohibited for certain individuals who hold material non-public information on the underlying event. A fee is applied to each trade, which covers costs for operating the market and the broker fee.

According to Coinbase's rules, a payout of $1 will be made if the event happens, while a payout of $0 will be made if it does not. The price reflects the market's odds, with $3,245.66 in interest and a 24-hour volume of $1,927.83.