Coinbase Launches Prediction Market for Sports Outcomes
Coinbase has introduced a new prediction market for users to trade contracts on future events. The current market, Central Connecticut St. vs Toledo, is set to expire on September 14, 2026, at 7:30 PM GMT+0. The market allows users to buy 'Yes' or 'No' contracts based on their predictions of the event's outcome.
The payout for each contract is $1, with a fee applied to cover operating costs and broker fees. The current price reflects the market's odds, with a value of $0.65 indicating a 65% chance of the event happening.
User accounts must be approved by Coinbase Financial Markets (CFM), which requires identity verification and basic income/net worth details. Trading is available 24/7, except during the weekly maintenance window from Thursday 3:00-5:00 am ET.