Nasdaq Files to List Binary Outcome Contracts on Nasdaq‑100

Nasdaq has filed a proposal with the U.S. Securities and Exchange Commission to list binary outcome options tied to the Nasdaq‑100, a move the exchange says would bring event‑based trading under its regulated venue structure ^[3][1].

Under the proposed contract structure each binary option would settle at $1 if the outcome is correct and expire worthless otherwise, mirroring the payoff mechanics used on prediction platforms such as Polymarket and Kalshi, and reflecting rising trader interest in short‑duration outcome products ^[4][1].

The proposal follows a similar step by Cboe and positions Nasdaq to offer regulated ‘yes‑or‑no’ wagers on market events; because the contracts are tied to an equity benchmark the filings treat them as securities under SEC oversight rather than products for CFTC jurisdiction ^[3][2].

Nasdaq’s filing places these binary outcome contracts squarely in the SEC regulatory process as the exchange seeks approval to expand event‑based trading on an established equities venue ^[1][3].