Coinbase has launched a new prediction market allowing users to trade contracts on future events, including sports outcomes. The platform, operated by Coinbase Financial Markets (CFM), lets traders buy "Yes" or "No" contracts on events like the matchup between Mdlulwa and Laskutova. Each contract pays out $1 if the event occurs, or $0 if it does not. The current price reflects the market's odds, such as $0.65 indicating a 65% chance of the event happening.
Traders need a Coinbase account and must complete onboarding with CFM, which includes identity verification and basic financial details. Funds from the main Coinbase account can be used to trade, with settled positions transferring back once closed. The market for Mdlulwa vs. Laskutova will close by October 27, 2026, or when an outcome is determined.
Coinbase emphasizes that trading prediction contracts involves substantial risk and may result in the loss of the entire investment. The platform is regulated by the Commodity Futures Trading Commission and operates under clear rules, with settlement based on an independent, regulated source of truth. Fees vary by market and are displayed before placing an order.
Trading is available 24/7, except during weekly maintenance from 3:00-5:00 AM ET on Thursdays. Coinbase notes that it is not responsible for third-party content and that the information provided is not investment advice.