Illinois Gas Prices Market Launches on Coinbase

Coinbase Financial Markets has launched a new prediction market for Illinois gas prices tomorrow. The market allows users to buy contracts on future events, with payouts ranging from $0 to $1 based on whether the event occurs or not.

The specific outcome being predicted is Illinois gas prices tomorrow, with an expiry date of September 15, 2026. The current price of a contract reflects the market's odds of the event occurring, currently standing at $28,268.16 with no volume detected.

To participate in the market, users need to complete onboarding to Coinbase Financial Markets and fund their account with cash (USD or USDC). Each market has rules that explain how its outcome is decided, with settlement based only on a stated 'source of truth,' such as official data or market prices.