Coinbase Unveils Prediction Markets for Trading Future Events

Coinbase Financial Markets has introduced a new feature called prediction markets, which allow users to trade contracts on future events.

The feature is currently in operation and lets users bet on whether an event will happen or not. Each contract pays $1 if the event occurs and $0 if it does not.

The price of each contract reflects the market's odds, with a higher price indicating a greater likelihood of the event happening. For example, a contract priced at $0.65 means there is a 65% chance the event will occur.

Users can trade regulated 'Yes/No' contracts on various outcomes in crypto, economics, politics, sports, entertainment, technology, science, and more.