Coinbase Launches Prediction Market for Costa Rica vs Haiti Match
Coinbase has launched a new prediction market allowing users to bet on the outcome of the Costa Rica vs. Haiti match. The market, which expires on October 7, 2026, has already garnered significant interest with a total trading volume of $5.5 million and a 24-hour volume of $2,527,881.64, marking a remarkable 6,997.52% increase. The market's interest stands at $4,073,902.70, indicating strong engagement from traders.
The prediction market operates on a simple yes-or-no contract system. Traders can buy contracts predicting whether a specific event will happen or not. Each contract pays out $1 if the event occurs and $0 if it does not. The current price reflects the market's odds, with prices ranging from $0 to $1. For instance, a price of $0.65 implies a 65% chance of the event happening.
To participate, users need a Coinbase account and must complete onboarding with Coinbase Financial Markets (CFM), the regulated derivatives entity. This process includes identity verification and basic income/net worth details. Once approved, users can fund their accounts and start trading using USD or USDC. Payouts are made after settlement, with potential delays on U.S. bank holidays, weekends, or outside banking hours.
Coinbase emphasizes that trading prediction contracts involves substantial risk and may result in the loss of the entire investment. The platform is offered by Coinbase Financial Markets, a registered futures commission merchant with the Commodity Futures Trading Commission and a Member of the National Futures Association. The company advises traders to understand the product and ensure it aligns with their financial situation and objectives.