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Cboe is in talks to relaunch binary options contracts for retail investors, positioning regulated alternatives to compete with crypto prediction markets like Polymarket.<\/p>\n
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Cboe Global Markets is edging back into the binary\u2011wager business, in what increasingly looks like a Wall Street answer to on\u2011chain prediction giants such as Polymarket<\/a>. The exchange is \u201cin discussions with retail brokerages to relaunch \u2018all\u2011or\u2011nothing\u2019 options contracts for individual investors that would vie with prediction markets,\u201d the Wall Street Journal<\/em> reported, citing people familiar with the matter.<\/p>\n <\/p>\n Cboe described the talks as \u201cat an early stage\u201d and said it is also working with market makers on \u201crevamped binary options, sometimes called fixed\u2011return contracts,\u201d that pay either a set cash amount or nothing at all.\u201cThis represents, in my view, a new entry point for many individuals looking to engage in the options market,\u201d a Cboe executive told Yahoo Finance<\/a>, adding that any launch would undergo \u201crigorous evaluations to ensure compliance with legal standards\u201d under SEC or CFTC oversight.<\/p>\n The timing is not accidental. Polymarket, which brands itself as \u201cthe world\u2019s largest prediction market,\u201d has seen cumulative volumes climb into the hundreds of millions of dollars across more than 10,000 markets, even as researchers warn that parts of its reported turnover may be double\u2011counted or inflated by wash trading. Monitoring tools such as Polymarket Monitor<\/a> and research from Paradigm<\/a> and Fortune<\/em> highlight both the depth and distortions in these markets. Despite those caveats, independent analysis puts Polymarket\u2019s odds around 90% accurate a month before resolution and up to 94% in the final hours before an event settles, according to studies cited by Yahoo Finance<\/a>, The Defiant<\/a> and Polymarket Research<\/a>.<\/p>\n For crypto traders, these flows are tightly bound to digital\u2011asset pricing. High\u2011conviction yes\u2011or\u2011no positioning around macro data, elections and ETF approvals routinely feeds into Bitcoin futures and spot volatility, turning prediction odds into a live proxy for risk appetite. This parabolic move comes as digital assets continue to trade as the purest expression of macro risk appetite. Bitcoin (BTC) is hovering around $88,235, with a 24\u2011hour high near $90,476 and a low near $87,549, on roughly $32.8B in dollar volumes. Ethereum (ETH) changes hands close to $2,953, with about $23.4B in 24\u2011hour turnover and spot quotes clustered in the $4,500\u2013$4,600 band on major exchanges earlier this week. Solana (SOL) trades around $192, up about 2.7% over the last 24 hours, with nearly $9.8B in volume.<\/p>\n By floating a regulated, centrally cleared all\u2011or\u2011nothing product that \u201csticks to financial markets\u201d rather than political or sports outcomes, Cboe is effectively betting that some of that speculative energy can be redirected from on\u2011chain venues back to listed derivatives. If it works, the next big crypto\u2011linked binary trade may look less like a degenerate side bet on Polymarket and more like a highly structured ticket punched through a Chicago options screen.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Cboe is in talks to relaunch binary options contracts for retail investors, positioning regulated alternatives to compete with crypto prediction markets like Polymarket. Summary Cboe Global Markets is in early-stage…<\/p>\n","protected":false},"author":1,"featured_media":21156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21200"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21200\/revisions"}],"predecessor-version":[{"id":21201,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21200\/revisions\/21201"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/21156"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Prediction markets set the pace<\/h2>\n
Can Cboe pull flow back onshore?<\/h2>\n