Swiatek vs Zheng: Prediction Market Now Open on Coinbase
The prediction market on Coinbase has opened for the upcoming tennis match between Iga Swiatek and Zheng Qinwen, set to take place on an unspecified date. The market allows users to buy contracts on the outcome of the event, with a payout of $476 if their prediction is correct.
The current price of the contract is listed as $35,369.04, with a 24-hour trading volume of $17,326.71. The expiry date for the contract is September 20, 2026, and it will close and expire when an outcome occurs or on this date if no outcome is reached.
According to Coinbase's rules, current and former players, coaches, and staff of the league governing the event are prohibited from trading this contract. Paid employees of the league and owners of teams and the league are also restricted from trading. Additionally, persons who hold material non-public information on the underlying event are not permitted to trade.
The prediction market is offered by Coinbase Financial Markets, a registered futures commission merchant with the Commodity Futures Trading Commission and a Member of the National Futures Association. However, trading prediction contracts involves substantial risk and may result in the loss of your entire investment.