Coinbase Launches Prediction Markets for Various Events

Coinbase has introduced prediction markets for various events, including crypto and economic outcomes. The platform allows users to trade regulated 'Yes/No' contracts on specific outcomes, with clear rules and settlement policies based on the result. A new era of Coinbase has begun, as the company claims.

The 'Underlying' in this context refers to the event being predicted, such as a temperature reading or an economic indicator. Users can trade prediction markets 24/7, except during the weekly maintenance window from Thursday 3:00-5:00 am ET.

Fees vary by market and are shown in the trade preview before placing an order. Settlement occurs when the event result is confirmed, with correct contracts settling at $1 and incorrect ones at $0. Payouts happen after settlement, but may be delayed on U.S. bank holidays or outside banking hours.

Trading prediction markets involves substantial risk and may result in the loss of your entire investment. Coinbase Financial Markets (CFM) is a registered futures commission merchant with the Commodity Futures Trading Commission and a Member of the National Futures Association.