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🚨 Cboe enters the prediction market.
Cboe Predicts has officially launched, introducing binary options tied to the Mini S&P 500 ($XSP). Traders can now take simple YES/NO positions on where the index closes, with contracts cleared by OCC.
Interactive Brokers is the first access point, while Charles Schwab is preparing to join the rollout.
Defined risk, lower capital requirements, and prediction markets are moving further into mainstream finance. 📈