Phoenix vs Chicago: New Prediction Market Emerges on Coinbase
A new prediction market has emerged on Coinbase, pitting Phoenix against Chicago in a yes/no contract.
The market, titled 'Phoenix vs Chicago', allows traders to bet on whether one city will emerge victorious or not. The payout for the market is set at $200 per contract, and no volume has been detected yet.
The market's interest stands at $28,657.76, with a 24-hour trading volume of $11,625.13, representing a 229.95% increase.
The market will close and expire on August 6, 2026, unless an outcome occurs beforehand. Trading prohibitions apply to current and former players, coaches, staff, paid employees, owners of teams, the league, and their household members and immediate family.
According to Coinbase's rules, traders can use cash (USD and USDC) in their main account to fund positions in the derivatives entity. When positions are closed, freed-up funds will be transferred back to the main account.
The market's payout is based on the result of an independent exchange using a stated 'source of truth', such as official data or trusted news. Settlement transfers may be delayed on U.S. bank holidays, weekends, or outside banking hours.
Coinbase Financial Markets offers regulated prediction contracts with substantial risks involved. Traders should only trade if they understand the product and believe it is suitable for their financial situation and objectives. Prices shown are for illustrative purposes only, and actual prices may vary.