Coinbase has launched a new prediction market for the Notre Dame vs. BYU football game, allowing users to bet on the outcome. The market, which expires on October 19, 2026, has seen significant interest, with a trading volume of $5,485,723.12 in the last 24 hours, marking a 1,118.32% increase. The total interest in the market stands at $7,531,123.10, and the overall trading volume has reached $12 million.
The prediction market operates on a simple principle: users can buy 'Yes' or 'No' contracts based on whether they believe a specific event will occur. Each contract pays out $1 if the event happens 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 occurring. If a user's prediction is correct, they earn $1 per contract minus the price they paid, minus any fees.
Coinbase emphasizes that prediction markets are offered by Coinbase Financial Markets, a registered futures commission merchant with the Commodity Futures Trading Commission. The platform warns that trading prediction contracts involves substantial risk and may result in the loss of the entire investment. Users are advised to understand the product and ensure it aligns with their financial situation and objectives.
Certain content on the platform has been prepared by third parties not affiliated with Coinbase, and the company is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. The information provided is for informational purposes only and is not investment advice.