Cboe Launches Binary Options on the S&P 500 Mini Index

KuCoinFlash

Release Time: 06/24/2026 00:02:32

Summary

Cboe Global Markets has launched Cboe Predicts, a new line of prediction market products. The first offering includes binary options on the mini S&P 500 index (XSP), with tickers XSPBW and XSPBX. These contracts are now available on Interactive Brokers and will soon be listed on Charles Schwab. Traders can wager on whether the index will settle at or above a specified target level, receiving $100 payouts if correct. On-chain data indicates rising interest in structured products, and on-chain analysis suggests increased retail participation in derivatives markets.

BlockBeats news, on June 24, according to official announcements, Cboe Global Markets today unveiled its first products from the new prediction market suite—Cboe Predicts.

This product line includes binary options contracts based on the Mini S&P 500 Index (XSP), with trading symbols XSPBW and XSPBX. These contracts are currently available for trading at Interactive Brokers, with plans to launch on Charles Schwab in the coming months, followed by gradual expansion to additional retail brokerage platforms.

Cboe Predicts is the latest addition to Cboe’s S&P 500 Index (SPX) product suite. XSP enables clients to trade the performance of the S&P 500 Index, but with a contract size one-tenth that of SPX, making it smaller and better suited to retail investor needs. Traders can express their view on the XSP closing level by taking a “bullish” position (which pays $100 if the index settlement price is at or above the specified level, otherwise $0) or a “bearish” position (which pays $100 if the settlement price is below that level, otherwise $0).

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