Cboe to Launch Prediction Markets Within Months But Avoid Sports
Best known for inventing the options market in the 1970s, Cboe has evolved from its days as a trading pit to an electronic platform.
Photographer: Jim Vondruska/BloombergCboe Global Markets Inc. is planning to launch its own prediction markets offering within months, but unlike some of its competitors it will avoid products related to sports for now.
The Chicago-based derivatives exchange operator is the latest exchange company to enter the nascent and booming prediction markets industry, which offers federally regulated event contracts that mimic traditional gambling products.