Coinbase Launches Prediction Market for Croatia vs Spain Match
Coinbase has launched a new prediction market for the outcome of the Croatia vs. Spain match. This market allows users to trade contracts on the event, with each contract paying out $1 if the event occurs and $0 if it does not. The price of the contract reflects the market's odds, with $0.65 indicating a 65% chance of the event happening. Users can buy "Yes" if they believe the event will occur or "No" if they think it will not.
The market has an expiry date of October 8, 2026, and has already seen significant interest, with a total interest of $1,672,808.48 and a 24-hour trading volume of $628,126.57. The market is regulated by Coinbase Financial Markets, a registered futures commission merchant with the Commodity Futures Trading Commission.
To participate, users need a Coinbase account and must complete onboarding to Coinbase Financial Markets, which includes identity verification and basic income/net worth details. Once approved, users can fund their account and start trading using cash (USD and USDC) from their main Coinbase account. Payouts occur after settlement, but delays may happen on U.S. bank holidays, weekends, or outside banking hours.
The market has clear rules and settlement policies based on the result, with an independent, regulated exchange determining the outcome using a stated "source of truth," such as official data, market prices, or trusted news. Trading is available 24/7, except during the weekly maintenance window from Thursday 3:00-5:00 am ET.