Cubs vs Brewers: Coinbase Prediction Market Goes Live
The Chicago Cubs are facing off against their arch-rivals, the Milwaukee Brewers, in an upcoming game. As part of this matchup, Coinbase has set up a prediction market for the total bases achieved by the teams.
The prediction market is now live and allows users to buy in and make their predictions on whether the Chicago Cubs will achieve more total bases than the Milwaukee Brewers or vice versa. The payout for winning contracts is $217, with no volume detected yet.
According to Coinbase's website, this market will close when an outcome occurs, but if not, it will expire by September 11, 2026, at 11:40 PM GMT+0. Users need to complete onboarding to Coinbase Financial Markets (CFM) and fund their accounts to participate in the prediction market.
It is essential for traders to note that current and former players, coaches, and staff of the league, association, or organization governing the event are prohibited from trading this contract. Similarly, paid employees of the league and league participants, owners of teams, and household members and immediate family of all above are also restricted.
When trading prediction markets on Coinbase, users can earn payouts based on the outcome of the event. For example, if a user buys 10 'Yes' contracts at $0.40 each and the Chicago Cubs achieve more total bases, they will receive $1 per contract, resulting in a payout of $10.
However, it is crucial to remember that trading prediction markets involves substantial risk and may result in the loss of the entire investment. Users should understand the product and believe it is suitable for their financial situation and objectives before participating.