Cboe Global Markets reintroduces binary options allowing traders to bet on S&P 500 index levels amid rising prediction market interest.
Cboe Global Markets has relisted binary options, enabling traders to take yes-or-no positions on whether the S&P 500 will reach specified levels in the near term. The move mirrors growing demand for prediction-style derivatives in financial markets.
Binary options were previously offered by Cboe but discontinued years ago. The contracts function similarly to prediction markets, where traders wager on discrete outcomes rather than price movements. No prior consensus or comparable period data was provided for this reintroduction.
The exchange did not disclose immediate market reaction or trading volumes following the relisting.