USC vs Rutgers: Prediction Market Contracts Available on Coinbase

USC and Rutgers faced off in a recent game, and fans of both teams were eager to predict the outcome. On Coinbase's prediction market platform, users could place bets on whether the total points scored would exceed a certain threshold.

The market allowed users to buy 'Yes' contracts if they thought the event would happen (in this case, the total points exceeding a certain value) or 'No' contracts if they believed it wouldn't. The price of each contract reflected the market's odds, with $0.65 indicating a 65% chance.

For example, if someone bought 10 'Yes' contracts at $0.40 each and the total points exceeded the threshold, they would receive a payout of $1 per contract, plus their original investment back minus any fees.