Binary Options
Binary options are a financial instrument where the payoff is either a fixed amount or nothing at all. Traders bet on whether an underlying asset will be above or below a specific price at a certain time.
Cboe Reintroduces S&P 500 Binary Options, Challenging Prediction Market Growth
Cboe, a major US derivatives exchange, has relaunched S&P 500 binary options. This move enters a market increasingly dominated by decentralized prediction platforms like Polymarket and Kalshi, signaling a significant shift in options trading.
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