Coinbase Launches Prediction Market for Sports Events

Coinbase has introduced a new prediction market allowing users to trade contracts on future events. The first event featured is a soccer match between Guadalajara and Queretaro, with an expiry date of September 28, 2026.

The market will close when the outcome occurs or on the expiry date if no outcome happens by then. Users can buy in at $0.65 per contract, which reflects a 65% chance of Guadalajara winning.

Trading is prohibited for certain individuals, including current and former players, coaches, staff, and owners of teams and leagues involved in the event. Paid employees of Coinbase's Source Agencies are also not allowed to trade on this contract.