Wall Street Seeks to Emulate Crypto's Prediction Markets with Cboe's 'Yes/No' Options Filing
Wall Street Seeks to Emulate Crypto's Prediction Markets with Cboe's 'Yes/No' Options Filing
Cboe is attempting to reintroduce all-or-nothing options, a type of contract that aligns closely with the functionality of prediction markets popularized within the crypto industry. This strategic move highlights Wall Street's growing interest in adopting financial innovations pioneered in the digital asset space, as prediction markets have successfully cultivated a new retail trading reflex.
Cboe wants to bring back all-or-nothing options, a contract that pays a fixed amount if a condition is met and pays zero if it isn't. While that might sound like a small product refresh, the timing makes it hard to ignore. Prediction markets have trained a new retail reflex: turn a belief into a number […]
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