Cboe Aims to Rival Prediction Markets with Simplified 'Yes or No' Trading Options

The Cboe Global Markets exchange is exploring the launch of a new, simplified trading product. This innovative offering would allow investors to make straightforward "yes or no" bets on whether an asset, like the S&P 500 index, will close above a specific price level by a set date. This model directly challenges traditional prediction markets by offering a regulated, exchange-traded alternative for binary outcomes. The initiative aims to attract a broader audience by demystifying complex trading strategies and providing a clear, accessible instrument for market speculation. If approved by regulators, this product could significantly expand Cboe's portfolio and reshape how retail investors engage with market forecasts.