Coinbase Prediction Market Puts Odds on Prescot First Half Win

A prediction market has been set up by Coinbase for the outcome of an upcoming soccer match between Prescot and Horbury Town, with the first half winner being the focus.

The market allows users to buy contracts that pay out $1 if their chosen team wins the first half, or nothing if they lose. The price of each contract reflects the market's odds, currently at $0.65 for a 65% chance of Prescot winning.

This is just one example of how prediction markets are being used on Coinbase Financial Markets (CFM), a registered futures commission merchant with the Commodity Futures Trading Commission and a Member of the National Futures Association.