**[Cboe Launches Groundbreaking Prediction Market Framework, Introducing "Partial Payout" Mechanism]** BlockBeats News, March 9 — According to official sources, Cboe Global Markets announced today the launch of an innovative prediction market product framework, breaking the limitations of traditional binary event contracts ("Yes/No, All-or-Nothing") by introducing a "Partial Payout Range" mechanism. Under the new framework, contracts will offer three potential outcomes: $0, partial payout within the range, or $100 full payout. The first product is scheduled to launch in Q2 2026, featuring mini S&P 500 index prediction contracts. These will allow traders to express their views on the daily closing levels of the U.S. stock market. Traders can take traditional "Yes/No" positions or utilize the new "Payout Range" positions to earn partial returns when their directional prediction is correct, without needing to hit the exact target. JJ Kinahan, Cboe's Head of Retail Expansion and Alternative Investment Products, stated: "Real-world perspectives are not always binary. Our more nuanced model aims to reward informed judgments—even if traders are only approximately correct, they can still earn returns." The product will be packaged using a traditional options structure, cash-settled, listed on the Cboe Options Exchange, and cleared by OCC. Pricing will be based on the world's deepest and most liquid SPX options market, allowing customers to benefit from the transparency, liquidity, and safeguards of a regulated securities market. Cboe may expand this framework to more indices or individual stocks in the future.