Cboe's latest move could make trading as simple as a ‘yes or no,’ rivalling prediction markets

Cboe Global Markets is developing a novel options-based product featuring all-or-none payouts, which would directly challenge prediction market platforms such as Polymarket and Kalshi. This new offering aims to use a traditional options structure to deliver fixed-return outcomes on binary, yes-or-no style event contracts, where a contract pays a fixed amount if the event occurs and zero otherwise. While Cboe previously launched similar binary options in 2008 that failed to gain traction, this current initiative is intended to modernize the concept for broader retail and institutional appeal, focusing on improved user experience. If launched, this product would enter a growing derivatives segment already occupied by CFTC-regulated venues like Kalshi and blockchain-based platforms like Polymarket.

(Source：CoinDesk)