Nasdaq follows Cboe joining world of 'binary bets' as prediction market craze hits Wall Street

The exchange has filed a proposal with the SEC to list yes-or-no bets on the Nasdaq-100 amid continued demand for prediction markets. What to know : Nasdaq asked the SEC to approve listing binary options tied to the Nasdaq-100 and its micro index, allowing traders to make yes-or-no bets on index moves. The proposed contracts, priced between 1 cent and $1, would pay a fixed amount if a specified condition is met and expire worthless if it is not, mirroring prediction-market mechanics. The move highlights how traditional exchanges and crypto platforms alike are adapting prediction-style trading formats within U.S. securities and derivatives regulations amid growing interest in event-based markets.