Cboe launches S&P 500 prediction markets as CFTC sues Kentucky over Kalshi and Polymarket

Cboe Global Markets launched its prediction-markets suite on June 23 with binary option contracts on the Mini-S&P 500 Index, listed as XSPBW and XSPBX. The contracts went live on Interactive Brokers Tuesday and roll out to Charles Schwab in the coming months. The XSP contracts work like Kalshi and Polymarket event contracts economically. A “yes”...