Coinbase's Prediction Markets Offer New Contract on Future AI Event
Coinbase's Prediction Markets now offer a new contract on a future event, allowing users to trade and potentially earn payouts. The contract is titled 'Best AI this week' and focuses on prediction markets, with a payout of $102.
The market has an expiry date of September 28, 2026, and currently has no volume detected, making it the first opportunity for traders to participate. The interest in this contract stands at $255,509.30, while the trading volume over the past 24 hours amounts to $82,330.92, representing a 37.62% increase.
Prediction markets on Coinbase allow users to trade contracts on future events, with each contract paying out $1 if the event occurs and $0 if it does not. The price of a contract reflects the market's odds, with higher prices indicating a greater likelihood of the event happening. Users can buy 'Yes' contracts if they believe the event will occur or 'No' contracts if they think it won't.