Overview
- Nasdaq MRX filed to list Outcome‑Related Options on the Nasdaq‑100 and Nasdaq‑100 Micro that trade between $0.01 and $1 and settle at $1 on a successful outcome or expire worthless.
- The exchange proposes listing the products as securities options under SEC jurisdiction, separating them from CFTC‑regulated event contracts.
- The SEC must approve the rule change before any launch, and Nasdaq has not commented beyond its regulatory submission.
- Cboe is developing comparable all‑or‑nothing offerings as prediction platforms like Polymarket and Kalshi draw users to yes‑or‑no markets.
- Event‑contract trading has accelerated, with Kalshi and Polymarket recording about $18.4 billion in February volume as Coinbase and Gemini expand regulated prediction offerings.