Cboe launches S&P 500 binary options on Interactive Brokers
The Mini-S&P 500 contracts are the first products under the new suite, live now on Interactive Brokers and rolling out to Charles Schwab in the coming months.
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The Mini-S&P 500 contracts are the first products under the new suite, live now on Interactive Brokers and rolling out to Charles Schwab in the coming months.
The OCC-cleared contracts land as prediction markets keep pulling capital from sportsbooks and crypto books, with Interactive Brokers live at launch and Schwab on deck.
Charles Schwab teaming up with Cboe puts a major TradFi retail broker directly into event-contract trading, accelerating the squeeze on Polymarket and Kalshi's retail base.
By settling on the S&P 500 rather than sports or elections, Schwab sidesteps the state-vs-CFTC fight now engulfing Kalshi and Polymarket — and brings $13T in client assets into prediction-style…
The yes-or-no contracts won't be event-style like Kalshi or Polymarket, but they slot a top US brokerage directly into the same wagering lane — and signal TradFi is comfortable moving closer to…
The first major US broker-led entry into event-based trading sidesteps political and sports contracts — a regulatory and reputational hedge that may shape how TradFi giants enter the space.