Coinbase Financial Markets is regulated by the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) which means there are rules and regulations that apply to buying in prediction markets. Collecting Social Security numbers (SSN) or Taxpayer Identification Number (TIN) is one of those requirements. All data is encrypted and kept private. Additionally, you may be required to verify your identity before prediction markets buying is available.
Application qualifications include age, trading experience, occupation, income, and net worth.
Before Starting
Eligibility for trading certain products is determined by assessing whether those products are suitable for you. This suitability assessment may consider several factors, including your trading objectives (such as your goals, time horizon, and risk tolerance), your knowledge and experience with the specific product you want to trade, and your financial situation (for example, your income, net worth, and ability to bear potential losses). These items are examples and may not be an exhaustive list of all factors reviewed.
Application qualifications may include, but not limited to:
U.S. resident (excluding Nevada).
Age.
Completed photo ID verification.
Have your legal name on your Coinbase account.
Occupation.
Note: Prediction markets are available to U.S. residents only, excluding Nevada. Traveling abroad does not affect access.
To apply to buy in prediction markets:
Confirm you have a Coinbase.com account and can sign in. This is required in order to apply for and open your Coinbase Financial Markets (CFM) predictions account.
Confirm your account reflects your U.S. address and social security number or tax identification number.
Select Predictions and choose Get started.
Confirm your personal information. Required per trading regulations.
Enter your employment information.
Verify your financial background and identity information.
Read and agree to the linked disclosures and elections.
To apply to buy in prediction markets:
Confirm you have a Coinbase.com account and can sign in. This is required in order to apply for and open your Coinbase Financial Markets (CFM) predictions account.
Confirm your account reflects your U.S. address and social security number or tax identification number.
Select Predictions and choose Get started.
Confirm your personal information. Required per trading regulations.
Enter your employment information.
Verify your financial background and identity information.
Read and agree to the linked disclosures and elections.
Application rejected
Ensure you:
Meet U.S. residency (U.S. address and SSN/ITIN).
Excluding Nevada.
Completed photo ID verification.
Have your legal name on your Coinbase account.
A review of your age, experience, employer/title, income, and net worth is conducted to determine suitability, and may result in your application being rejected.
If you make a mistake, you are welcome to reapply. Please be mindful of the maximum application attempts.
Maximum application attempts
Do not exceed three (3) application attempts in one (1) day.
If you exceed the limit, wait seven (7) days before reapplying.
Nevada residents:
The Nevada State Gaming Control Board has issued a temporary restraining order against Coinbase, halting the operation of prediction markets in the state. If you have open positions, you may hold them until close and any winnings will be deposited into your primary account, as normal. You may also sell them.
We are working to restore prediction markets for Nevada customers as soon as possible.