Cboe Launches S&P 500 Prediction Market

Cboe Global Markets (BATS: $CBOE) has launched a prediction marketplace tied to the show of the benchmark S&P 500 banal index.

Cboe is an American fiscal speech relation and runs the largest speech for trading options contracts. 

The institution has launched a caller level called "Cboe Predicts" that's linked to the S&P 500 Index. 

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Traders tin instrumentality a yes-or-no presumption connected wherever the S&P 500 scale volition decorativeness trading connected a fixed day. 

The caller products commercialized nether the ticker symbols "XSPBW" and "XSPBX" and are disposable done Interactive Brokers (NASDAQ: $IBKR). 

Financial and crypto trading platforms are rushing to connection investors fashionable prediction marketplace betting, including Robinhood (NASDAQ: $HOOD) and Coinbase Global (NASDAQ: $COIN).

The marketplace for prediction markets continues to beryllium dominated by privately held Polymarket and Kalshi. Prediction markets alteration radical to stake connected the result of real-world events. 

Media reports surfaced connected June 23 that exertion elephantine Meta Platforms (NASDAQ: $META) is besides readying to make a prediction marketplace called "Arena." 

CBOE banal has risen 12% implicit the past twelvemonth to commercialized astatine $257.42 U.S. per share.