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CBOE Debuts Prediction Market With S&P 500 Contracts

Authored by Zoltan Vardai via CoinTelegraph.com,

Market operator Cboe Global Markets has entered the prediction markets business with the launch of Cboe Predicts, a platform debuting with binary contracts tied to the S&P 500.

The contracts are now available through Interactive Brokers and are expected to launch at Charles Schwab and other retail brokerage platforms in the coming months, according to a Tuesday press release.

The contracts allow traders to take "yes" or "no" positions on whether the S&P 500 will close above or below a specified price level.

Cboe is the latest traditional finance firm to expand into prediction markets as investor interest in outcome-based contracts grows. The launch comes days after reports that Charles Schwab was seeking to enter the sector through a partnership with Cboe that would offer customers similar S&P 500-linked contracts.

Contracts tied to the S&P 500's daily closing price are already available on prediction market platforms such as Polymarket and Kalshi.

Cboe launches XSP Binary Options in prediction markets offering. Source: Cboe

Traders seek more binary event contracts

Cboe’s customers are showing more demand for shorter-dated, outcome-based trading opportunities, which led to the debut of the prediction market offering, according to JJ Kinahan, head of retail expansion and alternative investment products at Cboe. 

Cboe’s new contracts are security options that will trade within the same regulatory framework as US-listed options, providing “institutional-grade liquidity” and transparency, Cboe said.

Meanwhile, prediction market platforms have drawn increased regulatory scrutiny over political betting and sports-related event contracts.

Kentucky was the latest state to sue five prediction market platforms, including Kalshi and Polymarket, accusing them of “operating unlicensed and illegal sports betting and gambling platforms,” as Cointelegraph reported on Thursday.

In January, US lawmakers proposed legislation aimed at restricting political prediction market trading by government officials after a Polymarket user netted over $400,000 on a contract related to the removal of then-Venezuelan President Nicolás Maduro, fueling insider trading concerns.

Tyler Durden Wed, 06/24/2026 - 10:20

Norway soccer fans have taken over New York City with their now-viral “Viking Row” celebration, rowing their way through the city’s subway, Times square, and even the Hudson River, as they cheer on the Scandinavian country competing next at Metlife Stadium on June 22nd in this year’s FIFA World Cup.

Their offense has been up and down, but their record is evidence the team isn’t nearly as inconsistent as it has felt.

The only non-press release comments Dianna Russini has made since her alleged affair with Patriots coach Mike Vrabel are ones she wanted back.

A U.S. airstrike last week in Syria killed a top ISIS leader, U.S. Central Command (CENTCOM) announced on Wednesday.

New Home Sales Unexpectedly Plunged In May As Prices Surged

With Case-Shiller reporting existing home price declines in half of America's largest cities, New Home Sales were expected to rebound from April's ugly decline.

But they didn't... at all...

NAR reports that New Home Sales in May plunged 7.3% MoM (versus the 3.2% MoM rise expected). That print was below the lowest analysts forecast.

April's 6.2% MoM plunge was revised up modestly to a 5.7% decline, all of which left new home sales down on a YoY basis...

Overall, new home sales have really gone nowhere for four years (but on the bright side, they are not as bad as existing- and pending-home-sales)...

It seems lower mortgage rates (admittedly having risen for the last month) did nothing to help move new home sales...

Finally, while existing home prices are lower, median new home price rose 2.0% MoM to $424,900, unchanged YoY...

Average and median new home prices continue to diverge as sales of ultra-expensive homes drag the average higher even as median price is dropping...

The biggest two-month jump in median new home prices in four years is more than offsetting any gains from lower mortgage rates. 

Tyler Durden Wed, 06/24/2026 - 10:10

The singer surprised audiences with a performance of "Love Story" at the Nashville event wearing a custom Monse creation.

The singer surprised audiences with a performance of "Love Story" at the Nashville event wearing a custom Monse creation.

Francisco "Frankie" Lombardo described the "f--king weird" way he and Bunnie Xo got together -- and detailed their "nightmare" breakup.

Francisco "Frankie" Lombardo described the "f--king weird" way he and Bunnie Xo got together -- and detailed their "nightmare" breakup.

New York is aiming to fix a few things: decode food date labels for shoppers, stop food waste, and save New Yorkers money.

The BetMGM bonus code NYPNEWSGET unlocks a welcome offer for the World Cup.

Switzerland and Canada will battle for first place on Wednesday.

Najor said she has not booked a trip without telling her husband, Nick Barber, since that one fight.

Republican voters are deeply torn over the preliminary peace deal with Iran, and a plurality outright calls it a "bad deal" when presented with specifics, a new poll has found.

The second round of the 2026 NBA Draft goes off on Wednesday — and there's plenty of talent left on the board.

The Texas camp where 28 people including 25 young girls died in catastrophic flash flooding last July has declared bankruptcy amid mounting debts over $10 million, the New York Times reports.

She called the deeply discounted formula "brilliant."

She called the deeply discounted formula "brilliant."

'Customers Are Being Gouged': Trump Tells DOJ To Look Into Gasoline Prices

President Trump said on Wednesday that he had instructed the Department of Justice (DOJ) to open an investigation into oil companies over high gasoline prices.

In a Truth Social post, Trump said that oil companies have not lowered their prices at the pump despite a recent decline in crude prices following the U.S.–Iran preliminary agreement.

“Those prices are dropping like a rock! In other words, customers are being ‘gouged,’” he said.

“Gasoline prices better start going down a lot faster than what I’m seeing!”

Brent crude futures fell below $75 per barrel on Wednesday (back near pre-war levels), while U.S. West Texas Intermediate futures dropped to $72.29, amid the resumption of shipping traffic in the Strait of Hormuz.

Bloomberg's energy guru, Javier Blas, remarked after President Trump's post: 

"US President Trump, all political theatre, has just discovered the refining (and marketing) margin."

The national average price for regular gasoline stood at $3.93 per gallon on June 23, according to the American Automobile Association (AAA), down from $4.04 the previous week.

The gas price was $4.53 per gallon a month ago.

Of course, given the supply/refinery chain, it takes time (two weeks) for crude prices to ripple through to pump prices...

AAA said it observed that gas prices remain above the levels before the conflict with Iran erupted in February.

The national average price for regular gas was $2.98 on Feb. 28, the day when the United States and Israel launched military operations against Iran, triggering the war.

“Getting prices back down to prewar levels will take longer because of the time it takes to resume shipping and production,” Marie Dodds, public affairs director for AAA Oregon/Idaho, said in a statement.

As Aldgra Fredly reports for The Epoch Times, US and Iran signed a memorandum of understanding last week to end the war. Under the agreement, the Strait of Hormuz would be fully reopened, and Tehran would not procure or develop a nuclear weapon. The United States also agreed to waive sanctions on Iranian oil for 60 days.

U.S. Secretary of Energy Chris Wright told ABC News on June 21 that commercial shipping traffic through the Strait of Hormuz had returned to normal levels, and that Americans should expect further declines in oil, gasoline, and other energy prices as traffic resumed.

“Flows of oil and natural gas through the straits have already returned to normal, and they will continue that way whatever happens with the negotiations with the Iranians,” he said.

Arsenio Dominguez, secretary-general of the International Maritime Organization, said on June 23 that more than 11,000 seafarers stranded in the region due to war would be evacuated under a coordinated effort with Iran, Oman, other coastal states in the region, the United States, and the maritime industry following the U.S.–Iran preliminary deal.

“We have secured the necessary safety guarantees and have thoroughly verified the conditions for safe navigation to support these operations,” Dominguez said in a statement.

Iran had previously blocked traffic in the Strait of Hormuz—a critical waterway through which a significant share of global oil and gas shipments passes—in response to the U.S. and Israeli attacks on its nuclear and military sites.

Tyler Durden Wed, 06/24/2026 - 09:25