Securities and Exchange Commission approved Cboe Global Markets' (Cboe) application to list options linked to key performance indicators for some publicly traded companies, a move that expands its prediction markets offerings in a partnership with Robinhood Markets (HOOD).
In the approval document, the SEC said it's aware that similar products with the same underlying KPIs may be structured in different ways and be subject to the Commodity Futures Trading Commission's authority.
Robinhood: The Market Is Pricing In A Lot, But Not Really Everything * Cboe Global Markets: A 24-Hour Trading Winner * Cboe Global double upgraded at Morgan Stanley; Gemini Space Station downgraded * Robinhood Markets initiated with Buy equivalent at Evercore ISI How will SEC approval of Cboe's binary KPI options affect prediction markets?
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