Coinbase has introduced a new prediction market focused on tennis, specifically a match between Elina Svitolina and Yujie Guo. This market allows users to trade contracts predicting the outcome of the match, with each contract paying out $1 if the predicted event occurs and $0 if it does not. The price of the contract reflects the market's odds, giving traders a sense of the perceived likelihood of each outcome.
To participate, users need a Coinbase account and must complete onboarding with Coinbase Financial Markets (CFM), which includes identity verification and basic income/net worth details. Once approved, traders can use USD or USDC from their main Coinbase account to trade these prediction contracts. The market will close and expire when the outcome of the match is determined, or by October 29, 2026, at 4:10 AM GMT+0 if no outcome occurs before then.
Coinbase emphasizes that trading prediction contracts involves substantial risk and may result in the loss of the entire investment. The platform is regulated by the Commodity Futures Trading Commission and is a member of the National Futures Association. Trading is available 24/7, except during the weekly maintenance window from Thursday 3:00-5:00 AM ET.
The settlement process involves an independent, regulated exchange determining the result based on a stated 'source of truth,' such as official data or trusted news. Payouts are made to traders after settlement, although delays may occur on U.S. bank holidays, weekends, or outside banking hours. Fees vary by market and are shown in the trade preview before placing an order.