Coinbase's 'Back vs Joint' Contract Attracts $2.2 Million in Bets

Coinbase's prediction market has been making waves in the financial world, and one of its most popular markets is the 'Back vs Joint' contract. This contract allows traders to bet on whether the team that scores the most goals will be the winning team or the team that wins by the smallest margin.

The 'Back vs Joint' market has seen significant interest, with a total of $2.2 million invested in the contract so far. The current price reflects a 65% chance of the joint being the winning team, meaning that traders who bet on this outcome can earn up to $1 per contract if they are correct.

However, it's worth noting that trading in this market is subject to certain rules and restrictions. For example, current players, coaches, and staff of the league, association, or organization governing the event are not permitted to trade in this contract.