Coinbase Launches Prediction Market for Sports Events

A prediction market has been introduced on Coinbase, allowing users to trade contracts based on future events. In its first game, Washington took on Atlanta in a sports event, with a market available for betting on the outcome.

The market expired when the outcome occurred and closed by September 28, 2026, at 1:20 AM GMT+0, if no outcome had been reached. The interest in the contract was $2,243,046.68, and the total value of trades was $4.2 million.

Traders could buy 'Yes' or 'No' contracts, with the price reflecting the market's odds. For example, a price of $0.65 meant there was a 65% chance of the event happening. Users earned $1 per contract if their prediction was correct and minus what they paid (minus fees).