VIX owner Cboe jumps into prediction markets to build on 0DTE growth
Traders work in the S&P options trading pit at Cboe Global Markets on March 31, 2026 in Chicago, Illinois.
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Global markets operator cboe has launched its first prediction markets product, the latest financial markets company working to capitalize on consumer demand in the fast-growing industry.
The offering includes binary options contracts based on the Mini-S&P 500 Index, the company said in a press release on Tuesday.
Prediction markets, which allow users to speculate on a variety of real-world events such as sports or even political outcomes, are growing in popularity among investors. Kalshi and Polymarket’s combined monthly global trading volume rose to nearly $24 billion in April, from less than $5 billion in September last year, according to data compiled by the Pew Research Center.
Cboe’s contracts are available at Interactive Brokers and will be available at Charles Schwab in the coming months, the company said. Additional retail brokerage platforms will offer access over time, it added.
“We have seen continued customer demand for short-term, outcome-based trading,” JJ Kinahan, head of retail expansion and alternative investment products at Cboe, said in a statement. He said the firm wants to build on the rapid growth of zero days to expiration, or 0DTE, options.
Previously, CNBC reported that Meta Platforms CEO Mark Zuckerberg was directing his staff to create a prediction market platform, citing a person familiar with the company’s plans who asked not to be named. New York Times The company was the first to report the development, which caused stocks like DraftKings and Robinhood to tumble on Tuesday.
Disclosure: CNBC and Kalshi have a business relationship that includes customer acquisition and minority investment.
