Cboe launches prediction market product Cboe Predicts, with the first batch of contracts now live

Cboe Global Markets has launched a prediction market product called Cboe Predicts, with the first products being binary options contracts based on the Mini S&P 500 Index (XSP), trading under the codes XSPBW and XSPBX. These contracts are currently tradable on a certain exchange and are expected to be listed on another exchange in the coming months. Traders can choose bullish or bearish positions, and if the settlement price reaches or falls below the specified level, they can receive $100; otherwise, they receive $0.