Coinbase Launches Prediction Markets for Cryptocurrency and Beyond

Coinbase has launched a prediction market that allows users to trade contracts on future events. The new feature, called Coinbase Financial Markets (CFM), offers regulated 'Yes/No' contracts on outcomes in various fields, including crypto, economics, politics, sports, entertainment, technology, and science.

The highest temperature in New York City on June 12, 2026 is currently a subject of trading. The current price reflects the market's odds: $326,682.17 with a 2,108.18% change. Users can trade contracts at any time, except during weekly maintenance windows or U.S. bank holidays.

The prediction markets operate on a simple principle: users buy 'Yes' contracts if they think an event will happen and 'No' contracts if it won't. The payout is $1 for each correct contract, minus the original price paid (minus fees).