Coinbase Launches Prediction Market for Sports Outcomes

Coinbase has introduced a new prediction market where users can bet on the outcome of future events, including sports. The current market is focused on the Washington vs Detroit game, where users can predict whether Washington will steal more bases than Detroit by September 25th, 2026.

The market allows users to buy 'Yes' contracts if they think Washington will steal more bases or 'No' contracts if they believe otherwise. The current price of a 'Yes' contract is $0.65, indicating a 65% chance that Washington will steal more bases.

Users can trade on the platform 24/7, except during weekly maintenance windows when trading is paused. Trading fees apply to all transactions and vary by market.