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.

VIX owner Cboe jumps into prediction markets to build on zero-day options growth

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.

Continuer la lecture de l'article original