Coinbase has introduced a new prediction market focused on the outcome of the Idaho vs Weber St. college sports event. This market allows users to trade contracts on whether a specific outcome will occur, with each contract paying out $1 if the event happens and $0 if it does not. The price of the contracts reflects the market's odds, providing a real-time snapshot of the predicted outcome.
Trading on this market is subject to strict rules to ensure fairness and prevent conflicts of interest. Prohibited traders include current players, coaches, staff, paid employees of the league, team owners, and persons with access to material, non-public information. These restrictions are designed to maintain the integrity of the market and provide a level playing field for all participants.
To participate in the prediction market, users need a Coinbase account and must complete onboarding with Coinbase Financial Markets (CFM). This process involves identity verification and providing basic income and net worth details. Once approved, users can fund their accounts and start trading using USD or USDC held in their main Coinbase account.
The market will close and expire when the outcome of the Idaho vs Weber St. event is determined. If the outcome is not clear by October 10, 2026, at 11:45 PM GMT+0, the market will close automatically. Settlement of contracts will be based on an independent, regulated exchange's determination using a stated “source of truth,” ensuring transparency and fairness in the payout process.