Cboe Launches Into Prediction Markets Sector With Regulated Options Product
The suite offers yes-or-no payouts tied to the Mini-S&P 500 Index and is available on Interactive Brokers, with Charles Schwab to follow.
- On Tuesday, Cboe Global Markets launched Cboe PredictsSM, its first prediction markets suite, featuring binary option contracts based on the Mini-S&P 500 Index listed under symbols XSPBW and XSPBX.
- Following the success of SPX 0DTE options, Cboe noted "continued customer demand for shorter-dated, outcome-based trading," creating a natural extension for its existing S&P 500 Index product suite.
- These securities-based products are centrally cleared through the Options Clearing Corporation, providing enhanced risk management; traders express views by taking a "yes" or "no" position on index outcomes.
- Interactive Brokers now offers access to the new contracts, with Charles Schwab expected to roll out the products in the coming months and additional retail platforms to follow.
- Prediction markets, where users speculate on real-world events, have risen in popularity among investors; combined monthly trading volume on platforms like Kalshi and Polymarket reached about $24 billion in April.
20 Articles
20 Articles
Cboe Launches Into Prediction Markets Sector With Regulated Options Product
Cboe Global Markets entered the prediction markets space Tuesday with the launch of Cboe Predicts, a new product suite that uses binary option contracts on the Mini-S&P 500 Index (XSP) to let retail traders take yes-or-no positions on where the index will close, all within the same regulated framework as standard U.S.-listed options. The first two contracts, listed as XSPBW and XSPBX, are now live on Interactive Brokers. Charles Schwab will also…
PR Newswire
Cboe Introduces Cboe Predicts, Launching First Products in New Prediction Markets Suite
/PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity and index derivatives, today announced the...
Cboe Predicts Binary Options Bring S&P 500 Event Contracts to Retail
Cboe Predicts binary options on the Mini S&P 500 Index (XSP) are now live, giving retail traders a yes-or-no bet on where the index closes, structured as listed security options rather than the CFTC-regulated event contracts used by platforms such as Kalshi and Polymarket. The contracts trade under two ticker symbols: XSPBW for PM-settled expirations and XSPBX for AM-settled expirations. Each pays out $100 if the trader’s directional call is cor…
CBOE Is Challenging Kalshi and Polymarket With a New Prediction Market Product
Key highlights:CBOE launched CBOE Predicts, offering binary-style contracts linked to the S&P 500.The new contracts are initially available through Interactive Brokers, with Charles Schwab expected to follow.Prediction markets continue to see growth in numbers.CBOE has made a major move to enter the prediction market industry after it launched a new set of contracts tied to the S&P 500.The new platform would be called CBOE Predicts. It introduce…
Cboe Rolls Out Prediction Markets Built Around S&P 500 Binary Options
TL;DR Cboe launched Cboe Predicts with binary options tied to Mini-S&P 500 Index, listed as XSPBW and XSPBX for traders. Contracts are available through Interactive Brokers, with Charles Schwab expected to add access in coming months as distribution broadens. Cboe frames the products as securities options under existing U.S.-listed options rules, with OCC settlement and future XSP vertical spreads planned for defined-risk education as brokerage…
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