Record $4.8B World Cup Bets Could Fuel Coinbase Prediction Markets
COIN•Prediction markets saw volumes jump from $2.2B on June 11 to $4.8B on June 12 during World Cup betting, potentially driving over $10B in wagers by the July 19 final. Bernstein analysts name Coinbase as a primary beneficiary of the surge in prediction market activity.
1. World Cup Betting Volume Surge
Trading volumes on prediction platforms jumped from $2.2 billion on June 11 to $4.8 billion on June 12 as global tournament betting intensified.
2. Comparison to Super Bowl and Forecast
This level has already exceeded the $1.4 billion in contracts traded during the Super Bowl, and total wagers could surpass $10 billion by the July 19 final.
3. Implications for Coinbase
Analysts identify Coinbase as one of the leading public companies poised to benefit from increased prediction market activity driven by World Cup betting.
