Nevada vs California State Bakersfield Prediction Market Launched by Coinbase

The exchange Coinbase is offering a prediction market for a future event between Nevada State and California State Bakersfield, two basketball teams.

The market allows users to buy contracts on whether or not a specific outcome will occur. For this market, users can bet on the outcome of the game between the two teams, with a payout of $1 if the chosen outcome happens and $0 if it does not.

The prediction market has an expiry date of September 21, 2026, at 6:00 PM GMT+0, or when the event occurs. The current price reflects a 65% chance that the chosen outcome will happen, which is equivalent to a price of $0.65 per contract.