Coinbase Unveils Prediction Markets for Trading Future Events

Coinbase has launched prediction markets, a new feature allowing users to trade contracts on future events.

The platform's regulated derivatives entity, Coinbase Financial Markets (CFM), offers 'Yes/No' contracts on various outcomes in crypto, economics, politics, sports, entertainment, technology, science, and more.

Users can bet on the likelihood of events occurring, with payouts made when the outcome is confirmed. The platform uses independent, regulated exchanges to determine the result of each event, ensuring transparency and fairness.