Cboe Targets Prediction Markets with New Yes/No Options

Cboe's new all-or-nothing options signal Wall Street's growing interest in crypto's prediction markets, transforming beliefs into tradable assets.

Cboe has announced its intention to reintroduce all-or-nothing options, a type of contract that guarantees a fixed payout if a specified condition is achieved, while offering nothing if the condition is unmet. Although this might appear to be a minor update, the timing of this move cannot be overlooked.

The emergence of prediction markets has altered the approach of retail investors, who are now accustomed to quantifying their beliefs into numerical values. This evolution in trading behavior highlights the increasing influence that cryptocurrency markets are exerting on traditional finance.