Nasdaq Seeks SEC Approval to Launch Binary Options on Nasdaq-100
Nasdaq has filed a proposal with the U.S. Securities and Exchange Commission to introduce binary yes-or-no options tied to the Nasdaq-100 Index. These contracts, settling at either $1 or expiring worthless, mirror the structure of prediction markets like Polymarket and Kalshi. Traders WOULD gain a streamlined way to express short-term directional views on the index.
The MOVE signals Nasdaq's adaptation to rising demand for event-driven trading products. By classifying these options as securities under SEC oversight, Nasdaq distinguishes them from CFTC-regulated event contracts. The filing marks a strategic expansion into the growing market for structured, short-term financial instruments.