CBOE debuts prediction market with S&P 500 contracts
Cboe Global Markets has launched Cboe Predicts, entering prediction markets with binary contracts tied to the S&P 500. The first offerings are available through Interactive Brokers, with rollout to Charles Schwab and other retail platforms expected in coming months. Traders can take “yes” or “no” positions on whether the S&P 500 will finish above or below a set price level. The move reflects growing demand for short-dated, outcome-based trading products and Cboe’s effort to bring prediction-style contracts into a regulated options framework with institutional-grade liquidity and transparency. Similar S&P 500 daily-close contracts already trade on platforms like Polymarket and Kalshi. The expansion comes as prediction markets face increasing regulatory scrutiny, especially around sports and political event contracts.
