Coinbase Launches Prediction Market for India A vs Australia A Cricket Match

Coinbase has launched a prediction market for the India A vs Australia A cricket match, allowing users to trade contracts on the final outcome. The market, which closed on October 6, 2026, saw a total interest of $913,921.20 and a total trading volume of $2.1 million. The market was set to expire when the match result was confirmed, or by October 6, 2026, 3:22 PM GMT+0 if no outcome occurred.

The prediction market operates on a simple Yes/No basis, where users buy contracts betting on whether a specific event will happen. Each contract pays $1 if the event occurs and $0 if it does not. The price of the contract reflects the market’s odds. For example, a price of $0.65 indicates a 65% chance of the event happening. Traders can profit if their prediction is correct, earning $1 per contract minus what they paid (minus fees).

Coinbase Financial Markets (CFM), a regulated derivatives entity, oversees these prediction markets. Users need a Coinbase account and must complete onboarding to CFM, including identity verification and basic financial details. Once approved, they can fund their account and start trading using USD or USDC from their main Coinbase account. Settlement of contracts is based on an independent, regulated exchange using a stated ‘source of truth,’ such as official data or trusted news.

The platform emphasizes that prediction markets involve substantial risk and may result in the loss of the entire investment. Trading is available 24/7, except during weekly maintenance windows from Thursday 3:00-5:00 AM ET. Coinbase also notes that certain content is prepared by third parties and that the company is not responsible for any errors or delays in the information provided.