Business & Finance
SEC Approves Cboe’s KPI Prediction-Market Bets With Robinhood
Key Points
SEC Approves Cboe’s KPI Prediction-Market Bets With Robinhood Cboe Global Markets Inc. won approval from the Securities and Exchange Commission to become the first securities exchange to list options contracts tied to publicly-traded companies’ performance metrics. The measures, also known as key performance indicators, are a growing segment in the fast-moving world of predictions markets. Cboe’s contracts will allow traders to wager on whether companies will exceed or fall short on specific...
SEC Approves Cboe’s KPI Prediction-Market Bets With Robinhood
Cboe Global Markets Inc. won approval from the Securities and Exchange Commission to become the first securities exchange to list options contracts tied to publicly-traded companies’ performance metrics.
The measures, also known as key performance indicators, are a growing segment in the fast-moving world of predictions markets. Cboe’s contracts will allow traders to wager on whether companies will exceed or fall short on specific metrics, such as how many cars Tesla Inc. might deliver or how many new iPhones Apple Inc. might sell during a quarter.