SEC approves Nasdaq proposal for index prediction options
The SEC approved Nasdaq's proposal to list binary options tied to the Nasdaq-100 index. These cash-settled contracts offer fixed payouts based on index levels.
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The United States SEC approved a NASDAQ INC proposal to list prediction market options tied to the Nasdaq-100 index. These cash-settled binary options pay $100 if the index finishes above or below a set level at expiration. The move legitimizes event-based betting as a regulated revenue stream for major exchanges seeking new retail and institutional engagement.
