EL7.AI
StocksMediumUpdated×3•Originally published 24 June 2026•Updated 24 June 2026•
2 min read

Cboe Launches 'Cboe Predicts' Platform with Regulated S&P 500 Binary Options

3D S&P 500 text on a platform supported by gold bars labeled TECHNOLOGY ASSETS with a US flag in the background.

Key Facts

1Cboe launched a prediction market suite featuring binary option contracts based on the S&P 500 index.
2The contracts are currently available on Interactive Brokers and are expected to launch on Charles Schwab in the coming months.

In a move reflecting the accelerating competition in regulated event-based trading, Cboe Global Markets has officially launched 'Cboe Predicts', a dedicated platform for prediction markets. According to reports, the platform debuts with binary contracts linked to the S&P 500 index, specifically regulated as US-listed security options. This structure aims to provide institutional-grade liquidity and transparency within the existing options framework, distinguishing it from less regulated alternatives.

The launch of 'Cboe Predicts' comes as platforms like Kalshi and Polymarket gain significant traction, with Polymarket recording monthly volumes exceeding $100 million in 2024 per search data. By utilizing a formal regulatory framework, Cboe is positioning itself to capture retail and institutional interest that demands higher oversight than emerging decentralized platforms. Per market data, the integration with major brokerages like Interactive Brokers and the upcoming rollout on Charles Schwab provides a robust distribution network for these high-velocity instruments.

Market performance shows Cboe shares at $257.42 (close June 23, 2026), while IBKR closed at $94.70 on the same date. Investors are focusing on the upcoming launch on the SCHW platform, which last traded at $91.70 (close June 18, 2026), to measure the platform's impact on retail commission growth. Looking ahead, participants will monitor the economic calendar for any further regulatory clarifications regarding the oversight of retail-focused prediction products.