CBOE Launches Prediction Markets With S&P 500 Binary Contracts
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Cboe Global Markets launched Cboe Predicts, a securities-based prediction markets platform offering binary option contracts tied to the Mini-S&P 500 Index under the symbols XSPBW and XSPBX. The contracts are already available via Interactive Brokers with Charles Schwab access expected in the coming months and additional broker support likely, marking a regulated adoption milestone for prediction trading that could intersect with crypto, DeFi, DEX and CEX prediction offerings.
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Cboe Global Markets has launched its new prediction markets platform, Cboe Predicts, as the company enters the prediction trading market with a new suite of securities-based products.
The new offering includes binary option contracts tied to the Mini-S&P 500 Index, trading under the symbols XSPBW and XSPBX, which are already available through Interactive Brokers. Access through Charles Schwab is expected in the coming months. Cboe also said additional brokerage firms are likely to add support over time, broadening access to the new contracts.
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