Cboe is looking to make trading as simple as a ‘yes or no’ rivalling prediction markets

Cboe Global Markets confirmed that it is developing a new options-based product offering all-or-none payouts, a structure that could put the exchange in direct competition with prediction markets like Polymarket, Kalshi, Robinhood and Coinbase.

Cboe, the primary venue for options trading and famous for creating the Cboe Volatility Index (VIX), is in early talks with brokerages and market makers about how the product would work, according to an earlier WSJ report.

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While details are still being finalized, the goal is to use a traditional options wrapper to deliver fixed-return outcomes on yes-or-no style event contracts, a person familiar with the situation told CoinDesk.

These types of derivatives — sometimes referred to as binary options or fixed-return contracts — allow traders

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