Coinbase has launched a new prediction market payout titled Rus vs Rapolu, allowing users to bet on the outcome of this event. The market, which expires on October 22, 2026, has garnered significant interest, with a total interest of $988,721.24 and a 24-hour trading volume of $671,541.70.
The prediction market operates on a simple yes-or-no basis. Users can buy contracts predicting whether the event will happen or not. If the event occurs, 'Yes' contracts pay out $1 each, minus the purchase price and fees. Conversely, 'No' contracts pay out $1 each if the event does not happen. The current price reflects the market's odds of the event occurring.
To participate, users need a Coinbase account and must complete onboarding with Coinbase Financial Markets (CFM). This includes identity verification and providing basic income/net worth details. Once approved, users can fund their accounts and start trading using USD or USDC. Payouts are made after settlement, which may be delayed on U.S. bank holidays, weekends, or outside banking hours.
The market has specific trading prohibitions to ensure fairness. Current players, coaches, staff, paid employees of the league, team owners, and persons with material, non-public information are restricted from trading. Settlement is determined by an independent, regulated exchange using a stated 'source of truth,' such as official data or trusted news.