Coinbase Launches Prediction Market for England vs Spain

Coinbase has introduced a new prediction market for users to bet on the outcome of England vs Spain. This market allows users to trade contracts on future events, with each contract paying $1 if the event happens and $0 if it does not.

The current price reflects the market's odds, with a 65% chance of the event happening based on the $0.65 price tag. Users can buy 'Yes' contracts if they think the event will happen or 'No' contracts if they believe it will not.

For example, if a user buys 10 'Yes' contracts at $0.40 each and the event happens, their payout would be $10, with a profit of $6 after fees.