Cboe Global Markets is a publicly owned company headquartered in the US, founded in 1973 with approximately 1230 employees. The company owns the Chicago Board Options Exchange and the stock exchange operator BATS Global Markets.
Cboe Global Markets' binary options on the Mini S&P 500 Index (XSP) are now live, offering retail traders a "yes-or-no" bet on the index's closing position. These options are structured as listed security options, differentiating them from CFTC-regulated event contracts used by platforms like Kalshi and Polymarket. Previously, on June 25, 2026, JJ Kinahan, Senior Vice President Head of Retail Expansion and Alternative Investment Products at Cboe Global Markets, observed that Micron's earnings "knocked every expectation out of the park," prompting the Cboe Volatility Index (VIX Index) to backtrack below 18. This followed the June 24, 2026, launch of Cboe Predicts, the company's new prediction markets suite, which debuted with these binary option contracts on the Mini-S&P 500 Index (XSP), listed as XSPBW and XSPBX. The contracts are currently accessible through Interactive Brokers, with Charles Schwab expected to offer access in the coming months and further retail brokers planned thereafter.
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