Coinbase Opens Prediction Market for Mainz vs Frankfurt Match
A prediction market on Coinbase has opened for the outcome of the Mainz vs Frankfurt match. The market, which will expire in three days, is offering a payout of $128 if the specified event occurs.
The current price reflects a 65% chance of the event happening, with a cost per contract of $0.65. This means that buyers can purchase contracts at this price, betting on the outcome.
According to Coinbase's rules, the market will close and expire when an outcome occurs or by September 14, 2026, at 1:30 PM GMT+0. Trading is prohibited for certain individuals, including current and former players, coaches, and staff of the league, association, or organization governing the event.
The payout process involves receiving $1 per contract if the event happens and $0 if it does not. The profit would be the payout minus what was originally paid (minus fees). Payouts may be delayed on U.S. bank holidays, weekends, or outside banking hours.