Coinbase has launched a new prediction market allowing users to trade contracts on future events, including sports outcomes. The platform, offered by Coinbase Financial Markets, a registered futures commission merchant, enables traders to buy or sell "Yes" or "No" contracts on various events. Each contract pays out $1 if the predicted event occurs and $0 if it does not. The current price reflects the market's odds of the event happening.
The market on Shi vs Rakhimova is one of the available contracts. This market will close and expire when an outcome occurs or by October 11, 2026, at 6:44 AM GMT+0. Certain individuals, including current players, coaches, staff, paid employees, owners, and household members of the involved parties, are prohibited from trading this contract to prevent conflicts of interest.
To participate, users need a Coinbase account and must complete onboarding to Coinbase Financial Markets, which includes identity verification and basic income/net worth details. Once approved, traders can use cash (USD and USDC) from their main Coinbase account to trade. Settlement occurs when the event result is confirmed, and payouts are made to traders based on the outcome. Fees vary by market and are shown in the trade preview before placing an order.
Trading prediction markets is available 24/7, except during weekly maintenance windows from Thursday 3:00-5:00 AM ET. Coinbase emphasizes that trading prediction contracts involves substantial risk and may result in the loss of the entire investment. The platform is not liable for any errors or delays in content, and the information provided is for informational purposes only and not investment advice.