economy
VIX owner Cboe jumps into prediction markets to build on zero-day options growth
Global markets operator Cboe has launched its first prediction markets products to meet consumer demand in the fast growing sector.
TL;DR
- Cboe has launched its first prediction markets product.
- The offering includes binary option contracts based on the Mini-S&P 500 Index.
- Prediction markets allow users to speculate on real-world events.
- The popularity of prediction markets is rising among investors.
- Cboe's contracts will be available on Interactive Brokers and later Charles Schwab.
- The firm aims to build on the growth of its zero-day-to-expiry (0DTE) options.
- Meta Platforms CEO Mark Zuckerberg has also directed staff to create a prediction markets platform.