Nasdaq Seeks SEC Approval To List Outcome-Related Options Competing With Kalshi and Polymarket

On March 2, 2026, Nasdaq submitted a proposed rule change to the US SEC to introduce and trade Outcome-Related Options. The contracts would pay a fixed amount between $0.01 and $1.00 depending on whether the underlying settlement price finishes relative to a preset strike, mirroring structures used by prediction markets such as Polymarket and Kalshi. The initiative comes as other derivatives venues explore similar all-or-nothing products and as regulators weigh jurisdictional questions around prediction markets.