Coinbase Launches Prediction Markets Platform with Regulated Derivatives Entity
Coinbase has launched a new era of prediction markets, allowing users to trade contracts on future events in various categories.
The platform's regulated derivatives entity, Coinbase Financial Markets (CFM), offers 'Yes/No' contracts on outcomes in crypto, economics, politics, sports, entertainment, technology, science, and more.
Prediction markets are offered by CFM, a registered futures commission merchant with the Commodity Futures Trading Commission and a Member of the National Futures Association.
Trading prediction contracts involve substantial risk and may result in the loss of your entire investment. Contracts pay out only if the specified event occurs.