CBOE Launches 'CBOE Predicts' Market Suite with S&P Closing Contracts
CBOE•CBOE will launch 'CBOE Predicts', its first prediction market suite offering event-based contracts such as daily S&P 500 closing levels. The platform positions CBOE against incumbents like Polymarket and Kashi while Meta prepares its points-based 'Arena' market.
1. CBOE Predicts Launch
CBOE is set to debut its 'CBOE Predicts' platform, marking its entry into event-based markets. The initial suite will include contracts on daily S&P 500 closing levels, signaling a diversification beyond traditional options and volatility products.
2. Competitive Landscape
The new platform positions CBOE alongside established prediction market operators such as Polymarket and Kashi, which are offering perpetual swaps on Bitcoin and other outcomes. Meta’s planned 'Arena' points-based market adds further competition in the sector.
3. Business Implications
By launching prediction markets, CBOE aims to capture trading volumes from speculative and institutional participants, potentially opening a new revenue stream. Success will depend on regulatory clarity and user adoption in a space currently viewed as adjacent to gambling.
