Binary Options

European regulators have warned that some yes-or-no prediction-market contracts may be prohibited for retail clients when they qualify as financial instruments. The move raises compliance pressure on fast-growing event-contract platforms operating across crypto and traditional finance.

Cboe is reintroducing S&P 500 binary options after shelving similar contracts more than a decade ago, adding a partial-payout twist to the product. The move signals rising Wall Street interest in prediction-style markets once dominated by crypto-native platforms.

Charles Schwab is partnering with Cboe Global Markets to launch yes-or-no options tied to the S&P 500, marking its first step into prediction markets. The rollout is expected in the coming months as the broker explores additional benchmark-based contracts.