Nasdaq seeks to list prediction market-style binary options

Nasdaq has applied to the U.S. Securities and Exchange Commission (SEC) for approval to list Outcome Related Options, a type of binary option structured like a prediction market that would bet on the Nasdaq-100 index, The Block reported. These contracts would trade between $0.01 and $1, with the price fluctuating to either end of the range depending on how traders predict the outcome. The structure is similar to prediction markets like Polymarket and Kalshi.