Nasdaq Joins Wall Street Push For Prediction Markets

Nasdaq MRX, one of Nasdaq's options exchanges, has submitted a filing to the SEC to introduce cash-settled, binary-style contracts, referred to as "Outcome Related Options," based on the Nasdaq-100 Index and Nasdaq-100 Micro indexes. These options would allow for yes-or-no bets priced between 1 cent and $1, focusing strictly on index outcomes rather than broader events like sports or politics. This move places Nasdaq alongside other major Wall Street entities, including CME Group and Cboe Global Markets, which are also exploring or launching prediction market offerings. The move comes as prediction markets gain traction, with platforms like Polymarket and Kalshi seeing significant trading volumes, and crypto platforms also integrating these features. Nasdaq intends to offer these options across several of its exchanges, including Nasdaq NOM and Nasdaq PHLX.

(Source：Cointelegraph)