WSJ: Cboe Plans to Relaunch Binary Options to Enter Prediction Market

Odaily News Cboe Global Markets is in early discussions with retail brokers and market makers to relaunch binary option contracts, aiming to compete in the rapidly growing prediction market. Kalshi and Polymarket achieved a trading volume of $17 billion in January, setting a new monthly record. Cboe originally launched this product in 2008 but later delisted it. It is now seeking to reposition the product as an entry point for retail investors into the options market through a compliant design. The plan will be regulated by the SEC or CFTC. (WSJ)