Coinbase Launches Prediction Markets with Real-Time Odds

Coinbase has begun offering prediction markets, allowing users to bet on future events. One of the first markets available is for Verdant vs. Deer Gaming, Map 3, with a payout of $125 and an expiry date of September 11, 2026. The market is currently showing no volume detected.

The rules for this market state that it will close and expire when an outcome occurs, or by the specified deadline if no outcome happens. Current and former players, coaches, and staff of the governing league are prohibited from trading this contract.

Prediction markets on Coinbase allow users to bet on outcomes in various categories, including crypto, economics, politics, sports, entertainment, technology, science, and more. The price reflects the market's odds, with $0.65 meaning a 65% chance of an event happening. Users can buy 'Yes' contracts if they think the event will happen, or 'No' contracts if it won't.

When users trade prediction markets on Coinbase, they must have a registered account and complete onboarding to Coinbase Financial Markets (CFM). This includes identity verification and basic income/net worth details. Fees are applied for operating the market and the broker fee, which vary by market and are shown in the trade preview before placing an order.