Coinbase Launches Prediction Market for Dallas Temperature in 2026

Coinbase has launched a prediction market on the highest temperature in Dallas for October 5, 2026. This market allows users to trade contracts predicting whether a specific event will occur, with each contract paying out $1 if the event happens and $0 if it does not. The price of the contract reflects the market’s odds, with the current interest in the Dallas temperature prediction standing at $115,847.56 and a total market value of $154,000.

Participants must have a Coinbase account and complete onboarding with Coinbase Financial Markets (CFM), including identity verification and basic financial details. Once approved, users can trade using USD or USDC from their main Coinbase account. The market will close and expire when the outcome is determined or by October 6, 2026, at 6:00 AM GMT+0, whichever comes first.

Coinbase emphasizes that trading prediction markets 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. The settlement of contracts is based on an independent, regulated exchange using a stated 'source of truth,' ensuring transparency and fairness.

Users can trade prediction markets 24/7, except during weekly maintenance windows from Thursday 3:00-5:00 AM ET. Fees are applied to trades to cover operational costs and broker fees, and these vary by market. Coinbase also notes that it is not responsible for third-party content and does not provide investment advice.