Coinbase restores Prediction Markets trading after brief outage on web and mobile
The disruption lasted about 19 minutes on July 9 before Coinbase brought its prediction markets service back online for web and mobile users.
Coinbase restored full functionality to its Prediction Markets product after a roughly 19-minute outage on July 9 disrupted trading on both web and mobile. The issue began around 03:30 PDT and was resolved by 03:49 PDT, according to the company’s status page, and Coinbase confirmed the recovery to Reuters shortly after service resumed. The outage affected event-contract trading tied to outcomes such as elections and sports, a market structure distinct from spot crypto trading. Coinbase launched the product for U.S. users in January 2026 through a partnership with Kalshi, a CFTC-regulated event-contract operator, as part of a broader push beyond core crypto exchange services.
- Prediction Markets: Markets where users trade contracts tied to the outcome of future events.
- event contracts: Financial contracts whose value depends on whether a specific event happens.
- spot crypto trading: The direct buying and selling of crypto assets for immediate settlement.