Nasdaq Seeks SEC Approval for Binary Options on Nasdaq 100
- Nasdaq plans to launch binary options tied to its flagship index, the Nasdaq 100, through its subsidiary Nasdaq MRX.
- The company filed with the Securities and Exchange Commission (SEC) for cash-settled contracts regulated by the SEC.
- Prediction markets are rapidly expanding, with trading volume reaching $63.5 billion in 2025, a fourfold increase from the previous year.
- Intercontinental Exchange invested $2 billion in Polymarket, while Cboe Global Markets Inc. and CME Group Inc. are also exploring event-focused contracts.
- DraftKings aims for $10 billion in annual revenue from its contract-trading arm operating in 38 states.
Nasdaq is entering the prediction market sector with plans to introduce binary options on the Nasdaq 100, seeking SEC approval as traditional finance shows increased interest in this rapidly growing market segment.
Source (3.2)https://cryptobriefing.com/nasdaq-prediction-markets-evolution/?rand=59535
