Put your money where your mind is
Trade your take on thousands of real-world events across sports, politics, crypto, culture, and more.
Your knowledge is an asset.
From sports scores to election outcomes—if you follow it, you can trade it on Coinbase.
Sports
Crypto
Politics
Culture
Prices set by the crowd.
Trade confidently on a regulated exchange—where prices only move based on real-time information.
Manage trades with flexibility.
Buy, sell, and adjust your positions in real time, as events unfold.
One app for all of your assets.
Manage your positions from predictions to crypto side by side.
FAQs
What is a prediction market and how does it work?
A prediction market lets you trade on what you think will happen in the real world.
Each contract pays $1 if the event happens and $0 if it doesn’t. The live price reflects the market’s odds—for example, a price of $0.65 suggests a 65% implied chance of the event occurring. You simply buy “Yes” if you think it will happen, or “No” if you think it won’t. If you’re right, you earn $1 per winning contract, minus what you paid (and any fees).
As news breaks and new information surfaces, the price—and the implied probability—continuously adjusts based on what the crowd believes will happen.
What does it mean to say “yes” or “no”?
When you buy “Yes”, you’re betting the event will happen. If it does, you earn $1 per contract.
When you buy “No”, you’re betting the event will not happen. If it doesn’t, you earn $1 per contract.
What prediction markets can I trade?
You can trade thousands of event contracts in sports, crypto, economics, politics, entertainment, technology, science, and more. New markets are added regularly, all with clear rules and settlement policies based on the result.
How do I fund my account?
You can fund trades with the available cash (USD and USDC) in your Coinbase account. When you close positions, available funds flow back to your main Coinbase account.
How does payout work?
Once the event result is confirmed:
- Each correct (“winning”) contract settles at $1
- Each incorrect (“losing”) contract settles at $0
Your total payout = $1 × number of winning contracts.
Your profit = total payout − what you originally paid (minus any fees).
For example, you buy 10 “Yes” contracts at $0.40 each, spending $4.00.
- If the event happens, you receive 10 × $1.00 = $10.00.
- Your profit is $10.00 − $4.00 = $6.00 (minus fees).
You also don’t have to wait for the final result. As news breaks and market sentiment shifts, prices can move. You can:
- Sell your contracts at a higher price to lock in gains, or sell at a lower price to cut losses
Your profit or loss in this case is simply the difference between your buy price and your sell price (minus any fees).
When is the payout if my prediction is correct?
Each market has a timeline and payout schedule that will be written on a specific market page. This timeline will detail when each market opens, closes, and a specific closure timeline.
How is an event result determined?
Every market has specific rules that define exactly how its outcome is decided, before you ever place a trade.
When the event occurs, an independent, regulated exchange determines the result using a predefined “source of truth”—for example, official statistics, market data, or trusted news outlets.
Settlement is based only on that source, which is clearly listed in the contract details.
When can I trade?
You can trade prediction markets 24/7, so you can act whenever news breaks or your views change.
The only downtime is a brief weekly maintenance window on Thursdays, 3:00–5:00 am ET, when trading is temporarily paused.
Is there a limit to how much I can trade?
There is no limit to the amount of contracts you can purchase on Coinbase Financial Markets (“CFM”). Note that you can either trade on dollar value or the number of contracts and CFM will start the process of purchasing the contracts at the best price available. It is possible that your order may be split up if it is a large order due to the nature of finding many sellers.
Are there trading fees?
Coinbase Financial Markets prediction trades include transaction fees. Fees are available on the trade order page.
Access to prediction markets initially limited to a subset of U.S. users, with rollout to all U.S. users coming soon. Products and features may not be available in all regions. Information is provided for informational purposes only and is not investment advice. Trading in futures and swaps involves substantial risks. You should only trade in financial products that you are familiar with and understand the associated risks, and after carefully considering whether such trading is suitable in light of your investment experience.