Cboe Global Markets has expanded its prediction-market offering with binary options linked to the Mini-Russell 2000 Index.
The contracts allow participants to take a yes-or-no position on whether the index settles above or below a specified level.Contract structure
The contracts pay $100 if the specified outcome occurs and zero if it does not. The Mini-Russell 2000 options are one-tenth the size of traditional Russell 2000 Index options, lowering notional exposure compared with full-sized products.
The launch broadens the range of event-style contracts available through a regulated derivatives exchange. Although based on financial market outcomes rather than sports or entertainment, it adds to the wider competition and regulatory debate around prediction-market products.