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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Reflecting the growing demand for short-term trading instruments, Cboe Global Markets has launched a new suite of prediction market products featuring binary options tied to the S&P 500 index. According to reports, this initiative seeks to capitalize on the surging momentum of zero-days-to-expiration (0DTE) options and the rising popularity of event-based trading. The contracts are currently accessible via Interactive Brokers, with a scheduled rollout on Charles Schwab expected in the coming months.
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Sign InThis expansion occurs as prediction markets gain significant traction, with competitors like Polymarket recording record volumes exceeding $100 million monthly during 2024 per search data. By integrating these contracts with major brokerages, Cboe aims to capture a larger share of retail engagement, competing with platforms like Robinhood that have also explored similar event-driven products. Per market data, these moves represent a strategic effort by major exchanges to institutionalize and scale event-based financial betting.
Regarding market performance, Cboe shares stood at $257.42 (close June 23, 2026), while IBKR closed at $94.70 on the same date. Investors are closely monitoring the upcoming launch on the SCHW platform, which last traded at $91.70 (close June 18, 2026), to gauge the potential impact on commission revenue. Looking ahead, market participants will watch for any regulatory commentary regarding retail binary options trading to ensure the sustainability of this new product vertical.