S&P 500 · Polymarket · Coinbase · The Block
Cboe publishes prediction market suite with binary option contracts on S&P 500
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Cboe Global Markets Inc. has launched the first products in its new prediction markets suite called Cboe Predicts.
Key facts
- According to a Tuesday press release, Cboe Predicts features binary option contracts based on the Mini-S&P 500 Index (XSP)
- The contracts, listed under tickers XSPBW and XSPBX, are currently available on Interactive Brokers and expected to launch on Charles Schwab in the coming months, confirming earlier reports
- Cboe Global Markets Inc. has launched the first products in its new prediction markets suite called Cboe Predicts
- The prediction market suite is an expansion of Cboe's S&P Index options products, including SPX 0DTE, options that expire the same day, allowing traders to take a position on where the S&P 500
Summary
According to a Tuesday press release, Cboe Predicts features binary option contracts based on the Mini-S&P 500 Index (XSP). The contracts, listed under tickers XSPBW and XSPBX, are currently available on Interactive Brokers and expected to launch on Charles Schwab in the coming months, confirming earlier reports. The prediction market suite is an expansion of Cboe's S&P Index options products, including SPX 0DTE, options that expire the same day, allowing traders to take a position on where the S&P 500 will close by the end of the trading session. "Cboe's S&P 500 options suite has long provided traders with flexibility to define their outcomes through traditional options strategies," said JJ Kinahan, head of retail expansion and alternative investment products at Cboe.