New binary options on the Mini S&P 500 Index launch as centrally cleared, regulated securities under Cboe’s prediction market.
Cboe Global Markets has introduced Cboe Predicts, a prediction market platform offering binary options tied to the Mini S&P 500 Index (XSP). The contracts, trading under symbols XSPBW and XSPBX, are one-tenth the size of standard S&P 500 Index (SPX) options.
The products operate as listed securities options, cleared by the Options Clearing Corporation (OCC) and regulated under the same framework as U.S.-listed options. This marks Cboe’s entry into the prediction market space with a structured, exchange-traded product.
No immediate market reaction was reported following the announcement.