Phantom Academy vs. UNiTY Esports Prediction Market on Coinbase

Coinbase Financial Markets offered a prediction market for a recent esports event between Phantom Academy and UNiTY. The contract was available from September 2023 to its expiration date of September 15, 2026.

The interest in this contract reached $47,410.52, with a total value of over $63,000. Trading was prohibited for certain individuals, including current and former players, coaches, and staff of the league or organization governing the event, as well as paid employees and owners of teams and leagues.

The contract followed standard prediction market rules, where each pays out $1 if the event occurs and $0 if it does not. The price reflected the market's odds, with a 65% chance of Phantom Academy winning.