Coinbase Introduces Event Prediction Markets with Regulated Contracts

Coinbase has introduced a new market for users to predict the outcome of events. The platform offers regulated 'Yes/No' contracts on various outcomes, including crypto, economics, politics, sports, entertainment, technology, science, and more.

The current market in question is Cienciano vs Montevideo City: Total Goals, with a payout of $131 for each contract bought. The market has an interest rate of $0.18 and a 24-hour volume of $0.09.

User predictions are made on the platform's website, where users can buy 'Yes' or 'No' contracts depending on their prediction. If the event occurs as predicted, each contract pays out $1, minus what was originally paid (minus fees).