Coinbase has launched a new prediction market called Stearns vs Shi, allowing users to trade contracts on future events with clear rules and payouts. This market will close when the event's outcome is determined or by October 10, 2026, at 7:20 AM GMT+0, whichever comes first. Each contract pays $1 if the event happens and $0 if it does not, with prices reflecting the market's odds.
Trading is open to anyone with a Coinbase account who completes the onboarding process for Coinbase Financial Markets (CFM). Users can trade using USD or USDC from their main Coinbase account. Certain individuals, such as current players, coaches, staff, and their immediate family, are prohibited from trading to ensure fair play.
Prediction markets on Coinbase cover various topics, including crypto, economics, politics, sports, entertainment, technology, and science. Settlement is based on an independent, regulated source of truth, ensuring transparency. Payouts occur after settlement, though delays may happen due to banking hours or third-party confirmations.
Coinbase emphasizes that trading prediction contracts involves substantial risk and may result in the loss of the entire investment. The platform is not responsible for third-party content and disclaims liability for errors or delays. Users are advised to understand the product and assess its suitability for their financial situation.