Cboe rolls out yes-or-no S&P 500-linked binary options tied to Mini-S&P 500 Index

Cboe is launching prediction market-style binary options linked to the Mini-S&P 500 Index, scaled to one-tenth the S&P 500 benchmark. The contracts let traders take yes-or-no positions through broker platforms including Interactive Brokers. At settlement, payouts are fixed at $100 or $0 depending on the outcome.