Cboe launches Cboe Predicts with S&P 500 binary option contracts
Cboe Global Markets announced on June 23, 2026 the launch of Cboe Predicts, a prediction markets suite offering binary option contracts with 'yes-or-no' payouts tied to the Mini-S&P 500 Index (XSP). The contracts are available via Interactive Brokers and expected at Charles Schwab in coming months. The exchange cited growing investor demand for binary options and pointed to Polymarket's success as context. The launch leverages Cboe's existing regulated exchange status and follows earlier listing of XSP binary options.
Cboe's existing options exchange status lets it bypass the CFTC registration delays that slowed Kalshi and Polymarket, giving the world's second-largest stock exchange a structural speed advantage in capturing retail prediction-market flow.