Cboe revives S&P 500 binary options, chasing a market popularized by Polymarket, Kalshi

Cboe has reintroduced binary options on the S&P 500, a decade after discontinuing them, tapping into a market space that has seen explosive growth through platforms like Polymarket and Kalshi. These yes/no bets, which predict the S&P 500's direction, could attract a new wave of traders who prefer this simpler form of speculation. This move signals a broader trend where traditional financial markets are increasingly incorporating elements of decentralized, speculative betting popularized by crypto-linked platforms.