Coinbase Lets Users Bet on Minneapolis Temperature in 2026

Coinbase has introduced a prediction market allowing users to bet on the highest temperature in Minneapolis on October 5, 2026. The market lets traders buy contracts that pay out $1 if the event happens or $0 if it does not, with prices reflecting the market’s odds. For example, a price of $0.65 indicates a 65% chance of the event occurring. Users can trade regulated “Yes/No” contracts on various outcomes, including crypto, economics, politics, and more.

To participate, users need a Coinbase account and must complete onboarding with Coinbase Financial Markets (CFM), including identity verification and income/net worth details. Once approved, traders can use USD or USDC from their main Coinbase account to trade. The market’s outcome is determined by an independent, regulated exchange using official data or trusted news sources. Payouts are made after settlement, which may be delayed on weekends or banking holidays.

Coinbase warns that trading prediction contracts involves substantial risk and may result in the loss of the entire investment. The platform is offered by Coinbase Financial Markets, a registered futures commission merchant with the Commodity Futures Trading Commission. Fees vary by market and are shown in the trade preview before placing an order. Trading is available 24/7, except during weekly maintenance windows.