Coinbase Prediction Market Sees $1M Invested in Shearer vs Li Showdown

The prediction market on Coinbase allows users to trade contracts on future events, with each contract paying out $1 if the event happens and $0 if it does not. In a specific market, users can bet on whether Shearer or Li will emerge victorious in an unspecified matchup.

The market has gathered significant interest, with over $1 million in funds invested. The current price reflects the market's odds of Shearer winning at 65%, according to Coinbase's prediction markets platform.