Coinbase Introduces New Event Prediction Contracts for Sports Games
Coinbase has introduced a new type of contract for predicting the outcome of events, including sports games. The Toronto vs Golden State game in the third quarter is one such event that can be bet on. According to the source, the current spread for this event is $45,800.80 with a 32.73% increase from yesterday's trading volume of $43,049.12.
To participate in this contract, users must have a Coinbase account and register with Coinbase Financial Markets (CFM), which is registered with the Commodity Futures Trading Commission and a member of the National Futures Association. The contract will be settled based on an independent and regulated exchange's determination of the result. If the event occurs, each contract will pay $1; if it does not occur, each contract will pay $0.
It is worth noting that trading this type of contract involves significant risks, including the possibility of losing all invested funds. Participants should understand the product and their financial situation before making any trades. Coinbase disclaims responsibility for any errors or delays in the content provided.