Cboe revives S&P 500 binary options, chasing a market popularized by Polymarket, Kalshi
One of the largest U.S. derivatives exchanges is bringing back yes/no bets on the S&P 500 after pulling them a decade ago, moving onto turf that Polymarket and Kalshi turned into one of the internet’s fastest-growing corners.
Make preferred on
Share this article
Summary
- Cboe is reintroducing S&P 500 binary options, a yes-or-no bet on whether the index crosses a set level, after shelving similar products more than a decade ago.
- The exchange is adding a new feature based on a vertical spread, allowing traders to receive partial payouts as the index moves instead of the traditional all-or-nothing outcome.
- Cboe’s move, alongside efforts by Meta and Nasdaq, reflects growing mainstream interest in prediction-style markets that have been popularized by crypto-native platforms like Polymarket and Kalshi.
