Coinbase Launches 'Yes' or 'No' Contract Trading on Sports Events

Coinbase has launched a new feature allowing users to trade 'yes' and 'no' contracts on various markets, including sports events.

The first market listed is Leuven vs Zfk Tsc: Regulation Time BTTS, with the event scheduled for August 19, 2026. The contract pays out $1 if the event occurs and $0 if it does not.

Prices reflect the market's probability of the event occurring, with 0.65 indicating a 65% chance.

Predictions can be made on various markets, including cryptocurrency, economics, politics, sports, entertainment, technology, and science.

The exchange warns that trading these contracts involves significant risks, and users should only participate if they understand the product and believe it suits their financial situation and goals.