Coinbase Introduces Prediction Markets for Users to Bet on Future Events

A new type of market has begun on Coinbase, allowing users to trade contracts on future events. The platform is now offering prediction markets, where users can bet on the outcome of various events in areas such as crypto, economics, politics, sports, entertainment, technology, science, and more.

The first event listed is a tennis match between Castelnuovo and Ghibaudo, which will expire on July 28, 2026. The current price for a 'Yes' contract is $0.65, indicating a 65% chance of the event happening.

Users can trade regulated 'Yes/No' contracts on outcomes in various areas, with clear rules and settlement policies based on the result. Each market has its own rules explaining how its outcome is decided, and an independent exchange determines the result using a stated 'source of truth', such as official data or trusted news.