[Nasdaq Ventures into Prediction Markets, Plans to Launch 100 Index Binary Options] Nasdaq Inc. plans to introduce an options contract that allows 'yes or no' bets on major stock indices, becoming the latest exchange operator to enter the rapidly growing prediction market. According to a rule change proposal submitted to the U.S. Securities and Exchange Commission (SEC), the company aims to list 'binary options' on its flagship Nasdaq 100 Index and Nasdaq 100 Micro Index. The documents show that Nasdaq contracts will be priced between 1 cent and 1 dollar, reflecting the market's view on the likelihood of a specific outcome. This will mark Nasdaq's first foray into products mirroring prediction markets. These so-called 'outcome-based options' will enable traders to take binary positions on whether specific events will occur. Binary options are simplified versions of options contracts, with payouts dependent on the result of a 'yes or no' proposition. Financial contracts listed in the prediction market industry cover sports, politics, and popular culture. Unlike event contracts regulated by the U.S. Commodity Futures Trading Commission (CFTC) such as those offered by Kalshi, Polymarket US, and CME Group, binary options are regulated by the SEC. Nasdaq's contracts are currently awaiting SEC approval.