Nasdaq seeks SEC approval for prediction-style binary options tied to flagship 100 index: Bloomberg

Nasdaq has submitted a filing to the Securities and Exchange Commission (SEC) seeking approval to introduce a new class of contracts called "Outcome Related Options." These contracts are prediction-style, yes-or-no binary options tied to the Nasdaq 100 Index and its micro counterpart, trading between $0.01 and $1. This move mirrors the format used on prediction market platforms like Polymarket and Kalshi, where contracts settle at $1 if correct. If approved, these instruments would be regulated as securities options under the SEC, distinguishing them from many event-style contracts typically overseen by the CFTC. The filing comes as trading volume on existing prediction markets hits record highs and regulators, including SEC Chair Paul Atkins, express growing concern over the space and potential jurisdictional overlap.

(Source：The Block)