Nasdaq follows Cboe joining world of 'binary bets' as prediction market craze hits Wall Street

Nasdaq has filed a proposal with the SEC to list binary prediction market bets on the Nasdaq-100, following Cboe's similar move into yes-or-no betting products. This represents traditional exchanges' expansion into prediction markets amid growing demand for these financial products.

• →Nasdaq filed an SEC proposal to list binary prediction bets on the Nasdaq-100 index.
• →The move follows Cboe's entry into the prediction markets space with similar binary betting products.
• →Traditional Wall Street exchanges are capitalizing on growing demand for prediction markets.
• →The expansion represents mainstream financial institutions embracing alternative betting mechanisms.
• →Binary prediction markets allow yes-or-no bets on specific market outcomes or events.