Overcall Launches Skill-Based Markets on Coinbase Brazil with Single Token

The platform Overcall has launched in Brazil on Coinbase, introducing a new asset class known as skill-based markets. These markets combine trading and prediction markets, where users can bet on the price of an asset holding within certain limits.

The entire platform runs on a single token called $OVER, which settles against one shared onchain vault. This vault takes the other side of every position instantly, ensuring that markets are always liquid without the need for order books.

Users can create 'Channels' by drawing price limits on live charts and win if the price holds within those limits. They can also participate in 'Prediction' by taking the opposite side of someone else's channel at probability-based odds, with creators earning royalties from these transactions.