Coinbase Introduces Prediction Markets for Various Events

Coinbase has introduced prediction markets, allowing users to trade contracts based on future events.

The platform offers a range of markets, including ones related to cryptocurrency prices. For example, traders can buy contracts that pay out if the XRP price reaches a certain target by a specific time.

Each market has its own rules and source of truth for determining the outcome. The market price reflects the odds of the event occurring, with higher prices indicating a greater likelihood of the event happening.