Crypto
Coinbase Prediction Market Contract Closes with $472K Payout
The prediction market on Coinbase Financial Markets (CFM) has been in the spotlight recently. A contract titled 'Minnesota vs Indiana' was closed and expired, with a total payout of $472K and an interest of $376,204.56.
The contract had a timeline and rules that explained how its outcome would be decided. The event was scheduled to close when an outcome occurred or by September 23, 2026, at 2:39 AM GMT+0.
A 'yes' bet on the event meant betting that it would happen, while a 'no' bet implied it wouldn't. Traders could buy contracts with cash (USD and USDC) from their main Coinbase account to trade prediction markets 24/7.