Prediction Market on Perez Alarcon vs Preston Closes with $1.8M Interest
Coinbase Financial Markets (CFM) has been offering prediction markets on various events, including sports and entertainment. One such market was closed recently, involving a prediction about the outcome of a specific event.
The market in question involved a prediction on the outcome of a match between Perez Alarcon and Preston. The market was opened with an interest of $1,825,514.06 and had a total value of $4.9M. The market expired on September 26, 2026.
The rules for trading this contract prohibited current players, coaches, staff of the league, association, or organization governing the event, as well as paid employees of the league and its participants from trading on the contract. This was to prevent insider trading and maintain fair market practices.