Charles Schwab And Cboe Plan S&P 500 Yes-Or-No Options As Prediction Markets Go Mainstream

TL;DRCharles Schwab is reportedly working with Cboe on binary options tied to the S&P 500.The contracts would pay fixed cash if a yes-or-no outcome is correct, with Cboe’s Plus Zone offering partial payouts in close cases.The product is planned for the coming months and is not yet live for retail users.Event-Style Trading Moves Further Into TradFiCharles Schwab is working with Cboe Global Markets on a new type of retail-facing product that would let customers trade daily yes-or-no outc