Interactive Brokers Group IncInteractive Brokers is the platform through which Cboe's prediction products are available, potentially increasing trading volume and fees.
Cboe Global Markets has launched a prediction market tied to the performance of the benchmark S&P 500 stock index. The new platform, called Cboe Predicts, allows traders to take yes-or-no positions on where the S&P 500 will finish trading on a given day, with products trading under the ticker symbols XSPBW and XSPBX and available through Interactive Brokers. The move comes as financial and crypto trading platforms including Robinhood and Coinbase Global rush to offer prediction market betting, a space still dominated by privately held Polymarket and Kalshi. Media reports also indicate that Meta Platforms is planning to develop a prediction market called Arena. CBOE stock has risen 12% over the past year to trade at $257.42 per share.
Interactive Brokers Group IncInteractive Brokers is the platform through which Cboe's prediction products are available, potentially increasing trading volume and fees.
Coinbase Global IncCoinbase is mentioned as one of the platforms rushing to offer prediction markets, but no specific impact on its business is detailed.
Robinhood Markets IncRobinhood is mentioned as one of the platforms rushing to offer prediction markets, but no specific impact on its business is detailed.
Cboe Global Markets IncCboe launches its own prediction market, expanding its product offerings and potential revenue.
Meta Platforms Inc.