Coinbase Launches Prediction Market for MLB Game

Coinbase has introduced a new prediction market for fans of sports betting. The market in question is based on an upcoming baseball game between Colorado and New York, with the focus being on whether the 7th inning will see more total runs than the current price reflects.

The market has a payout of $172 and is set to expire on September 10, 2026, at 11:05 PM GMT+0. The current odds are not specified in the source, but it does mention that no volume has been detected yet.

For those unfamiliar with prediction markets, Coinbase explains how they work: 'A prediction market lets you trade contracts on future events. Each pays $1 if the event happens, $0 if not.' The price reflects the market's odds, so in this case, a $0.65 price would mean there is a 65% chance of the event happening.

It's worth noting that trading on this contract is subject to certain restrictions. For example, current and former players, coaches, and staff of the league are prohibited from trading, as well as paid employees of the league and participants, owners of teams, and their household members and immediate family.