Nasdaq MRX, one of Nasdaq's options exchanges, has filed to introduce cash-settled, binary-style contracts tied to the Nasdaq-100 Index. This move signals Nasdaq's entry into the burgeoning prediction market sector, a trend seen across Wall Street.
The proposed "Outcome Related Options" would allow traders to make yes-or-no bets on events linked to the Nasdaq-100 and Nasdaq-100 Micro indexes. These contracts would be priced between one cent and $1.
Should the US Securities and Exchange Commission approve the filing, Nasdaq could compete with existing prediction market platforms like Polymarket and Kalshi, as well as crypto exchanges integrating similar offerings. Other major financial institutions, including the Intercontinental Exchange, CME Group, and Cboe Global Markets, have also shown interest or made investments in this space.
This development follows a strong year for prediction markets in crypto, with significant trading volumes reported. Several asset managers and exchanges have also filed with the SEC for prediction market-related products.