Crypto
Coinbase Launches Prediction Market for Sports Events
Coinbase has introduced a new prediction market allowing users to bet on the outcome of future events, including sports games.
The Los Angeles Dodgers vs Cincinnati Reds game is currently listed as a target for betting. The fifth-inning total is available for trading, with a payout of $161 and an expiry date set for September 16, 2026.
The prediction market uses the concept of 'yes' or 'no' contracts, where users can bet on whether a specific event will occur or not. In this case, users can buy contracts predicting that the fifth-inning total will be above or below a certain number.