Coinbase Launches Prediction Market for US Gas Prices

Coinbase has introduced a prediction market that allows users to trade contracts on future events. One of the markets available is for the price of gas in the US, specifically whether average regular gas prices will be greater than $4.160 on June 8, 2026, according to AAA data.

The prediction market is based on a binary 'Yes' or 'No' outcome, with users able to buy or sell contracts accordingly. If the event occurs and the price of gas exceeds $4.160, users who bought 'Yes' contracts will receive $1 per contract, while those who bought 'No' contracts will lose their investment.

The prediction market is part of Coinbase's Financial Markets platform, which allows users to trade regulated derivatives on a range of outcomes, including crypto, economics, politics, and sports. The platform requires users to complete identity verification and basic income/net worth details before trading.