Cboe Launches Prediction Markets With Yes-or-No S&P 500 Index Contracts
Key Takeaways Cboe launched XSP binary options via Interactive Brokers, entering retail-focused prediction-style derivatives. Contracts offer fixed $100 or $0 payouts based on index settlement, simplifying S&P 500 exposure. Charles Schwab plans to add access as Cboe expands distribution. Binary Options Introduced Through Retail Brokerage Channels Cboe Global Markets (CBOE) announced on June 23, 2026,…