Considered one of Nasdaq’s choices exchanges, Nasdaq MRX, has filed to supply cash-settled, binary-style contracts on the Nasdaq-100 Index, including to a wave of Wall Avenue companies testing the prediction market waters.
Nasdaq, the agency behind the second-largest inventory alternate by market capitalization, is trying to provide “Final result Associated Choices” for yes-or-no bets, priced between 1 cent and $1, according to its submitting to the US Securities and Alternate Fee on Monday.
The providing would enable merchants to take binary positions on occasions linked to the Nasdaq-100 and Nasdaq-100 Micro indexes — not on outcomes associated to different occasions, akin to sports, culture, or politics.
A few of the most notable shares within the Nasdaq-100 embody Nvidia (NVDA), Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Google (GOOGL), Meta (META) and Tesla (TSLA).
SEC approval might see it enter a booming market alongside the likes of Polymarket and Kalshi, whereas crypto buying and selling platforms like Coinbase and Crypto.com are additionally integrating prediction markets.
Different Wall Avenue gamers, such because the Intercontinental Alternate, CME Group and Cboe International Markets, have additionally invested within the area or signaled an intention to launch their very own prediction market-style choices.
CME Group’s partnership with American playing firm FanDuel will allow merchants to wager on markets outdoors of finance, whereas Cboe’s providing will likely be targeted on finance and financial contracts.
Crypto asset supervisor Bitwise additionally filed with the SEC final month to launch “PredictionShares” exchange-traded funds that search to carry occasion contracts tied to the 2028 US presidential election, whereas GraniteShares and Roundhill additionally made comparable filings in February.
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Prediction markets turned one of many hottest use cases in crypto final yr and have persistently surpassed $10 billion in month-to-month buying and selling quantity. Polymarket and Kalshi have been aggressively advertising and marketing their merchandise to retail customers in latest months regardless of some regulators looking for to restrict the industry.
Nasdaq desires its prediction providing on a number of platforms
Nasdaq can be trying to provide Final result-Associated Choices on different Nasdaq choices exchanges, together with Nasdaq NOM and Nasdaq PHLX.
Nasdaq MRX makes use of a first-come, first-served system and doesn’t pay buying and selling incentives. In distinction, Nasdaq NOM and Nasdaq PHLX incorporate pricing fashions that may reward individuals for including liquidity.
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