[Marex Launches 'Principal-Protected' Binary Options Derivative Based on Existing Prediction Market Products] BlockBeats News, April 4, according to Bloomberg, global financial services platform Marex Group Plc has issued the world's first bond-like note (structured note) linked to prediction market outcomes. Unlike traditional binary options contracts, the specific terms of this product are as follows: If Nvidia Corp. remains the world's largest company by market capitalization after one year, investors will receive a 7% coupon. If not, the principal will be fully refunded (only potential interest is lost, with no risk to the full principal). The report states that the issuance size of this note is approximately $10 million and has been sold to Swiss institutional clients, limited to regions outside the United States (due to regulatory reasons). Marex can dynamically hedge risks through prediction market platforms such as Kalshi. The report highlights that this is Wall Street's latest attempt to 'securitize' the potential of prediction markets, providing traditional large-scale funds with a compliant and lower-risk entry method.