WSJ: Chicago Board Options Exchange plans to relaunch binary options to enter the prediction market.

The Chicago Board Options Exchange (Cboe) is in early discussions with retail brokers and market makers to relaunch binary options contracts, aiming to compete with the rapidly growing prediction market. Kalshi and Polymarket saw a record $17 billion in trading volume in January. Cboe, which launched the product in 2008 but subsequently discontinued it, is now seeking to reposition it through a compliant design as a starting point for retail investors entering the options market. The plan will be subject to regulation by either the SEC or the CFTC. (WSJ)