The exchange operator has introduced the first products under its prediction markets offering, giving investors a way to trade binary outcomes linked to the S&P 500.

Cboe Global Markets has launched the first products in its prediction markets suite, Cboe Predicts. The contracts are currently available through Interactive Brokers  The initial offering includes binary option contracts based on the Mini-S&P 500 Index (XSP), listed under the symbols XSPBW and XSPBX. The contracts are currently available through Interactive Brokers and are expected to become available on Charles Schwab in the coming months, with additional retail brokerage platform