WSJ: Keboe plans to restart binary options trading, aiming to compete directly with the prediction market According to BlockBeats, on February 2nd, the Wall Street Journal reported on Monday that Cboe Global Markets, a major derivatives exchange, is exploring restarting binary options trading for retail investors, aiming to compete directly with the rapidly growing prediction market sector. The proposed contract will operate as a fixed income derivative: either pay a predetermined amount or expire, similar to the common yield structure on prediction platforms. For example, a binary call option linked to the S&P 500 index at 7000 points will pay a predetermined return if the index closes at or above that level upon expiration; If it is below this level, the return is zero. Traders on prediction platforms adopt a similar 'yes/no' structure, with contracts typically trading between $0.01 to $0.99 and settling at $1 when the result is correct. Cboe first listed binary options linked to major financial indices in 2008, but later delisted them due to a lack of attractiveness in the market dominated by institutional professionals at the time. This type of product has also faced regulatory scrutiny. The US Securities and Exchange Commission (SEC) warned potential investors of the risk of loss in 2013, and US regulatory agencies have also recorded multiple fraud complaints against unregulated binary options websites. This time, the exchange will plan product launches around compliance and product design.