Nasdaq plans to launch an options contract that allows for "yes or no" bets on major stock indices.

This article is machine translated
Show original
According to Bloomberg, Nasdaq plans to launch options contracts that allow "yes or no" bets on major stock indices, becoming the latest exchange operator to enter the rapidly growing prediction market. According to a proposed rule change submitted to the U.S. Securities and Exchange Commission, the company hopes to list "binary options" on its flagship Nasdaq 100 index and Nasdaq 100 Mini index. The filing shows that Nasdaq contracts will be priced between 1 cent and $1, reflecting market perceptions of the likelihood of a particular outcome. This will be Nasdaq's first foray into mirror prediction market products.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments