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Coinbase buys The Clearing Company, doubling down on prediction markets
Fastcompanyยท 2025-12-22 21:01
Prediction markets let users buy and sell contracts tied to the outcomes of real-world events, ranging from elections and economic data to sports and policy decisions, effectively turning investors' forecasts into tradable markets. Supporters say the prices can reflect collective expectations more accurately than polls or forecasts, while critics argue the products blur the line between financial markets and betting, drawing growing scrutiny from regulators. Coinbase said on Monday it will buy prediction ma ...