Cboe (CBOE) Launches Prediction Markets Amid $24 Billion Volume Rise
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowCboe Global Markets (CBOE) has launched its first prediction markets product focused on binary options based on the Mini-S&P 500 Index. The global trading volume for prediction markets surged to $24 billion in April, up from under $5 billion in September of the previous year. This expansion reflects a growing consumer demand for outcome-based trading. Cboe's contracts will initially be accessible on Interactive Brokers and later on Charles Schwab, with plans for additional brokerage platforms to follow.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Cboe Global Markets (CBOE)
Cboe Global Markets operates options and equities exchanges and is home to VIX products.
The Financials sector covers banks, insurers and capital-markets firms at the center of the economy.
Earlier CBOE news
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