Nasdaq MRX Seeks Approval for Binary Options on Nasdaq-100 Index
- Nasdaq MRX has filed to offer cash-settled, binary-style contracts on the Nasdaq-100 Index.
- The contracts, termed “Outcome Related Options,” will allow yes-or-no bets priced between $0.01 and $1.
- Traders can take positions linked to the Nasdaq-100 and Nasdaq-100 Micro indexes, excluding non-financial events.
- If approved by the SEC, this offering could compete with existing platforms like Polymarket and Kalshi.
- Other firms such as CME Group and Cboe Global Markets are also exploring prediction market-style offerings.
The introduction of binary options by Nasdaq MRX reflects a growing interest in prediction markets among major financial institutions, which have seen significant trading volumes exceeding $10 billion monthly.
With potential SEC approval, Nasdaq’s new options could enhance its competitive edge in the evolving prediction market landscape alongside established players like Polymarket and Kalshi. (Source)
