Cboe to Relaunch 'All‑or‑Nothing' Binary Options to Rival Prediction Markets

Cboe Global Markets is exploring a relaunch of all‑or‑nothing (binary) options for individual investors and has held preliminary discussions with retail brokerages and market makers about simple yes‑no contracts ^[2][3][4].

The proposed product is intended to compete directly with prediction‑market platforms by offering fixed‑return, event‑based trades that mirror the straightforward yes‑or‑no mechanics popular on sites such as Kalshi and Polymarket ^[1][4].

Reports say Cboe plans to offer the contracts within a regulated exchange framework, an approach the exchange argues would address the fraud and high‑risk concerns that have historically plagued binary options products ^[1][5].

Discussions remain at an early stage and no launch date has been announced; reporting notes Cboe is still in preliminary talks as it assesses product design and regulatory considerations ^[2][3].