Coinbase Launches Prediction Market with Football Game

Coinbase has launched a new prediction market where users can bet on future events. The first event is Buffalo vs Florida International, and users can predict which team will score the first touchdown. A 'Yes' contract costs $0.65, indicating a 65% chance of the event occurring.

The market will close and expire when an outcome occurs or by September 14, 2026, at 10:00 PM GMT+0. Trading is prohibited for current and former players, coaches, staff, league employees, owners, and their household members.

Payouts are made to traders when the event result is confirmed, with each correct contract settling at $1 and incorrect contracts settling at $0. Fees apply to trading, covering costs for operating the market and broker fees.