Mentioned:
One of the biggest players in global derivatives and trading has a new ambition: prediction markets.
What’s happening:
- Cboe Global Markets (CBOE: CBOE) has officially launched a new prediction markets platform known as Cboe Predicts
Why it matters:
- This is the first time ever that Cboe Global Markets has launched a new platform dedicated to offering event contracts
Going deeper:
- Cboe Global Markets has initially rolled out event contracts focused on the Mini S&P 500 Index which are now available to trade on Interactive Brokers (NASDAQ: IBKR)
- Cboe Global Markets has also publicly stated they plan to launch their event contracts on Charles Schwab’s brokerage platform imminently
The intrigue:
- Canadian brokerage Wealthsimple just recently made major waves when they partnered with Kalshi to launch a new prediction market app known as Wealthsimple Predict
