Coinbase Prediction Market Opens for Blanch vs Andrade Betting

The Coinbase prediction market has opened for betting on the outcome of a specific event. The event in question is Blanch vs Andrade, and users can now place their bets on whether it will happen or not.

The contract allows users to buy 'Yes' contracts if they think the event will occur or 'No' contracts if they believe it won't. The payout for each contract is $1 if the event happens, and $0 if it doesn't.

The current price of a 'Yes' contract is $0.65, indicating a 65% chance that the event will happen.