Moomoo and multiple major brokerages line up for Cboe and NYSE binary options
Cboe has lined up Interactive Brokers, Charles Schwab, and Robinhood for its binary products. Separately, Moomoo will offer NYSE all-or-nothing stock options to U.S. retail traders. Both brokerages added Kalshi's event contracts in June. The Cboe products pay $1. The developments expand retail access to securities-based prediction markets through established brokerage infrastructure. Multiple platforms are now routing customers into exchange-listed binary instruments alongside or in place of CFTC-regulated event contracts.
Cboe and NYSE are capturing prediction-market volume through SEC-regulated securities while Kalshi's CFTC platform faces felony charges against its co-founders and parallel state suits in Ohio, Tennessee, Louisiana, and Arkansas. Robinhood already routes event-contract volume through Kalshi but now gains direct access to Cboe's SEC structure without partnership dependency.
The Ohio sports-contract halt showed that partner-dependent models collapse when states reject federal registration. Each new broker that Cboe or NYSE signs weakens Kalshi's position as the default retail gateway. If institutional desks follow retail brokers into securities-based products, Kalshi's $40 billion valuation assumes CFTC-first resilience that the market may not reward.