Just saw the news that Nasdaq is about to join the prediction market, with binary options on the CSI 100 set to launch. What’s interesting is that they’ve submitted a proposal to the SEC to list this product on their Nasdaq 100 and Nasdaq 100 Mini.

The cool part here is that traders will be able to bet “yes or no” on major indices, and contract prices will range from just 1 cent to 1 dollar. As I understand it, this is Nasdaq’s first time stepping into this space, offering a simplified option type where the payout depends on a specific outcome.

The difference is that these binary options will be regulated by the SEC, not the Commodity Futures Trading Commission, like other event contracts. They’re currently still waiting for approval from the SEC, so this binary market might begin once it’s confirmed. Not sure how long that will take?