TechFlow News, June 24: According to an official announcement, the Chicago Board Options Exchange (Cboe) has launched the first products in its Cboe Predicts prediction market suite—binary options contracts based on the Mini S&P 500 Index (XSP), with tickers XSPBW and XSPBX. These products are now available on Interactive Brokers and are scheduled to be rolled out to additional retail broker platforms—including Charles Schwab—in the coming months.
Cboe stated that these contracts feature a “Yes/No” fixed-payout structure and are exchange-listed securities options regulated under the U.S. listed-options regulatory framework, centrally cleared by the Options Clearing Corporation (OCC). The exchange has also introduced related investor education resources and plans to launch vertical spread trading based on XSP in the future.
