Coinbase offers prediction markets across different verticals. When I joined the site, I saw prediction markets on sports, politics, climate, culture, crypto, and economics, among others. I conducted this Coinbase review to test them firsthand.
Based on my findings, Coinbase operates as a legal prediction market in the US. The platform features contracts trade predictions on future events, and those contracts settle for money if correct. In my review, I checked not only the markets but also payment methods, app, customer support, and other areas. Continue reading to learn how Coinbase performs.
How Do Coinbase Prediction Markets Work?
The prediction markets on Coinbase feature Yes/No contracts representing future events. You purchase:
- Yes, if you believe the event will happen
- No, if you think it won’t
That’s how things work on other US prediction market sites. For instance, during my
Polymarket review, I also spotted Yes/No contracts for each featured event. On Coinbase, the Yes/No contracts are represented with prices and percentages. Here’s an example of a pro basketball game:
| Team to win |
Yes contract |
No contract |
| Oklahoma City |
$0.41 (41%) |
$0.60 (60%) |
| San Antonio |
$0.60 (60%) |
$0.41 (41%) |
Therefore, the $0.41 Yes contract price for Oklahoma City reflects a 41% implied probability for the team to win. You can see that the No contract price of $0.60 is the same as the Yes for San Antonio. If your prediction is correct, you’ll receive a $1 payout per contract. If the prediction is wrong, you get $0. However, you can still sell at any time before the event settles.
I must stress that the prediction markets are peer-to-peer (P2P). When you buy a contract, another trader on the other side has to sell. This setup allows bid-ask prices to differ, sometimes including a spread in the contract cost. That’s why $0.41 and $0.60 from my example add up to $1.01 instead of $1. Small trading commissions can also apply.
Since the prediction markets are P2P, the contract prices are influenced by buy/sell demand. Coinbase doesn’t set them directly. The implied probability in any prediction market only reflects what the market believes the probability to be. It’s not a number set by Coinbase, and it’s not directly tied to the real likelihood of a given event.
Are the Prediction Markets on Coinbase Legal?
Yes, Coinbase’s prediction markets are legal. According to my research, the product is offered exclusively through Coinbase Financial Markets (CFM) in partnership with Kalshi. CFM is registered with the National Futures Association (NFA) and also complies with the Commodity Futures Trading Commission (CFTC) regulations.
Currently, the platform is available in much of the US. However, Coinbase prediction markets are not available in Nevada. I wasn’t surprised because, during my
Kalshi review, NV wasn't supported either. Upon registration, you have to provide your SSN, photo ID, and answer some questions to verify your account before trading.
Available Prediction Markets on Coinbase
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Explore diverse prediction markets at Coinbase
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Make crypto market predictions with Coinbase
I counted 12+ prediction market categories in the Coinbase app, which is what you’d expect from a serious platform. Let’s look at the top six and the event types they feature:
Sports Prediction Markets
Coinbase’s sports prediction markets cover basketball, football, tennis, baseball, hockey, and soccer. Also, I saw cricket, golf, boxing, rugby, darts, chess, and others. Overall, the platform has more than 15 sports. You can trade event contracts in popular leagues like the NFL, NBA, NHL, and MLB.
In most games, I found predictions for the winner, totals, spreads, and player props. Coinbase even offers futures, such as the league champion, round qualifiers, and tournament seeds. On the platform, I traded contracts both pre-game, before the events start, and live, as they’re ongoing.
Politics Prediction Markets
The politics prediction markets include both local and international events. During my review, I bought contracts mainly for Congress-related outcomes, such as:
- Whether the SAVE Act will become law
- When a reconciliation bill passes the Senate
- Whether a specific tax will be suspended
Besides Congress, there are many state-level predictions, especially in New York and California. Coinbase has a dedicated section for elections with mayoral, gubernatorial, senatorial, and presidential poll results.
Climate Prediction Markets
On Coinbase, the section for climate predictions is tagged ‘Weather.’ However, when you select it, you’ll see subcategories such as climate change, temperature, natural disasters, and snow/rain. The events are broad, unlike in my
OG review, where I only found temperature-related outcomes in the climate category.
The climate events I came across at Coinbase cover these predictions, among others:
- Monthly temperature increase
- Hottest month ever
- Daily highest and lowest temperatures in specific cities
- Number of tornadoes in a month
- Number of Atlantic hurricanes in a year
- Monthly rainfall in specific cities
I executed a successful Yes trade at $0.44 per contract, predicting the highest daily temperature in my city to be 72–73 degrees.
Crypto Prediction Markets
Coinbase offers prediction markets on six major cryptocurrencies: BTC, ETH, BNB, DOGE, SOL, and XRP. Also, the site features HYPE (Hyperliquid).
Most events involve 15-minute and hourly price movements. For example, I purchased No contracts at $0.47 each for BTC price to cross $73,250 at 5 PM EDT. My prediction wasn’t correct, though.
In addition to the price movement predictions, Coinbase lists pre-market events. So, you can predict which company will launch a token and similar outcomes.
Economics Prediction Markets
The economics section is one of the most diverse on Coinbase. I say so because it includes events related to:
- Fed decisions
- GDP
- Global central banks
- Economy growth
- Housing
- Inflation
- Jobs
- Oil and energy
My interest is in housing, so I traded more of contracts on home sales, mortgage rates, building permits, and rent increases. I also predicted weekly gas prices, daily oil production, and natural gas spot prices in the oil and energy sub-section.
Culture Prediction Markets
I didn’t spot a specific culture category on Coinbase, unlike what I saw in my
Crypto.com review. Instead, Coinbase features entertainment and social separately.
For entertainment, the platform covers celebrities, music, movies, TV shows, awards, video games, TV charts, and more. To illustrate, I traded predictions for the top US Netflix show, songs on the Billboard Hot 100, and the Oscar for Best Picture.
When I checked the social category, there were fewer markets. Nevertheless, I found events like the number of followers influencers gain each year and whether they’ll be banned from a particular platform.
My Experience Using the Coinbase App and Site
The Coinbase prediction market site uses a minimalist theme with a plain white background. The different categories are right on the top row, so you simply scroll to select one. Meanwhile, the events are displayed on separate cards in bold font, making them easy to read.
I had no trouble browsing Coinbase because each event card highlights the number of markets available. Where applicable, you’ll also see the liquidity. Plus, there are filters to sort events by trending, frequency, and open/closed markets.
During my review, I spent more time on the Coinbase mobile app. Design-wise, there’s not much difference from the website. However, the app runs faster, and I appreciate that the push notifications keep me updated in real time.
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Download the Coinbase mobile app today
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Move through the Coinbase desktop site with ease
Coinbase Prediction Market Bonuses
Coinbase doesn’t have bonuses for prediction market traders. In the app, there’s a sign-up offer of up to $2,000 if you buy $50 worth of crypto after registration. However, I confirmed that it doesn’t work for prediction markets.
The lack of promos is a downside, but they may be released at any time. If so, I’ll update my review and show you the
Coinbase promo code
to use if any applies.
Make Payments with USD or USDC
At Coinbase, you can fund your account to trade in prediction markets using USD or USDC. For fiat payments, I often use Apple Pay, but you can also choose bank transfer, debit cards, or Google Pay. For crypto, Coinbase supports USDC on Ethereum, Solana, Polygon, and other networks. The funds are usually available for trading immediately upon successful payment.
Regarding withdrawals, the payment options are the same. In my experience, processing takes 1 to 3 business days, depending on your bank. USDC crypto withdrawals are relatively faster.
Note that Coinbase has deposit and payout limits, but they vary by method. Also, some payment options include fees, especially for withdrawals.
The Coinbase support team performed satisfactorily in my tests. You can contact the agents 24/7 via live chat, email, or phone, so the platform covers all three major channels. My go-to is live chat, which initially features an AI virtual assistant. However, human agents are on standby to take over the chat upon your request.
On the Coinbase app and website, there’s a comprehensive help center. I consider the resource reliable, and you can search it for quick answers and guides before contacting support.
Coinbase Prediction Markets Are Legit
My review shows that Coinbase's prediction markets are legit. If you’re in any US state other than Nevada, you can access the platform to trade event contracts. It’s registered with the NFA and compliant with CFTC regulations.
I rate Coinbase highly for its 12+ prediction market categories. On the app, you can trade event contracts in sports, politics, and other areas I mentioned in this review. The Yes/No format is straightforward, and the minimalist interface makes buying and selling simple.
The downside is that there are no prediction market bonuses. However, I believe that’ll change over time, and it doesn’t affect the platform’s legitimacy. If you want to trade contracts on Coinbase, click the links on this page to visit the website and register.
Coinbase Review FAQs
📈 Is Coinbase Offering Prediction Markets?
Yes, Coinbase began offering prediction markets in 2026 in partnership with Kalshi. You can trade contracts on sports, politics, economics, culture, crypto, climate, and more.
✅ Is Coinbase Safe and Trustworthy?
Yes, Coinbase is a safe and trustworthy prediction market app. The platform is registered with the NFA and complies with CFTC regulations in the US.
💰 What Is the Payout for the Prediction Market on Coinbase?
The payout for Coinbase prediction markets is $1 for each correct event contract. You receive the payout when the market settles, but you can also sell your contracts early.
