Cboe launches binary options for S&P 500 contracts
Cboe has debuted a prediction market offering with the introduction of XSP Binary Options.
The new contracts are security options that will trade within the same regulatory framework as US-listed options.
The launch is in response to customer demand for shorter-dated, outcome-based trading opportunities.
The debut comes as prediction market platforms face increased regulatory scrutiny over political betting and sports-related event contracts, with Kentucky recently suing five platforms