Cboe to Launch Binary Event Wagers in Prediction Markets Push

Exchange operator Cboe Global Markets Inc. plans to roll out options contracts that will enable binary bets on event outcomes, in a bid to enter the fast-growing prediction markets.

In a departure from the approach taken by rivals, Cboe’s contracts will be regulated by the Securities and Exchange Commission, requiring a more onerous listing process that could help insulate the bourse from the avalanche of litigation facing the event contract market.