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-5.95533498758764E-05 -0.000277915632754315 0.000833746898262946 -0.000694789081885788 -0.00275930521091809 -0.00335483870967741 -0.00426799007444164 -0.00831761786600496
Stock impact report

Coinbase doubles down on prediction markets with deal for The Clearing Company [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
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. Last week, Coinbase launched its prediction markets platform and said it will start letting users trade stocks, positioning it as ?a direct competitor to brokerages such as Robinhood and Interactive Brokers. Prediction markets surged into the mainstream during the 2024 U.S. presidential race between Donald Trump and Kamala Harris, ?and have since drawn rapid interest and investments from traditional financial ?heavyweights and newer fintech players alike, who are seeking exposure to the fast-growing space. Meanwhile, Show less Read more
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