Nasdaq Wants a Piece of the Prediction Market Biz Too
Nasdaq plans to launch Outcome Related Options, a type of binary options contract, allowing traders to bet yes-or-no on specific event outcomes. Contracts would be priced between 1 cent and $1, according to a recent SEC filing. This marks Nasdaq’s entry into prediction markets, which are currently regulated by either the SEC or the CFTC. Unlike existing platforms like Kalshi, Polymarket, and Crypto.com, which operate under CFTC regulation, Nasdaq is seeking SEC approval for its offering. Prediction markets have seen rapid growth, with billions in weekly trading volume, but jurisdictional questions remain unresolved, as both the SEC and CFTC have claimed potential oversight. Other major financial institutions are also entering the space—Intercontinental Exchange invested up to $2 billion in Polymarket, while CME Group partnered with FanDuel, and Cboe has started development of similar binary contract offerings.
