Colorado vs Seattle: Prediction Market Launched by Coinbase
Coinbase has launched a prediction market for the outcome of an upcoming sports event between Colorado and Seattle. The market, which will expire on September 22, 2026, allows users to bet on whether one team will win or lose.
The market is currently showing no volume detected, making it the first chance for users to place a bet. If the event happens, each correct contract held by the user will settle at $1, and each incorrect contract will settle at $0.
Users can buy 'Yes' contracts if they think one team will win, or 'No' contracts if they think the other team will win. The price of each contract reflects the market's odds, with a price of $0.65 meaning a 65% chance of winning.
Payouts will be made to users after settlement, but may be delayed on U.S. bank holidays, weekends, or outside banking hours.