Cboe Global Markets has launched its prediction market product Cboe Predicts, with the first batch of products being binary option contracts based on the Mini S&P 500 Index (XSP), trading codes XSPBW and XSPBX. These contracts are currently available for trading on Interactive Brokers and are expected to be launched on Charles Schwab in the coming months. Traders can earn $100 by selecting a bullish or bearish position, if the settlement price reaches or falls below a specified level, otherwise it is $0.
