Wall Street's Big Bet on Simple Yes or No Trading

Wall Street is bringing back an old idea with a modern twist.

The Concept

• "Yes or No" Trading: Betting on whether something will happen or not.
• Like flipping a coin, but with money.
• Chicago Board Options Exchange (Cboe) wants to bring it back, inspired by crypto prediction markets.

Why Now?

• People are used to betting on crypto prices and sports.
• Turning beliefs into numbers and trading them.
• Cboe wants to bring this feeling to the stock market.

The Twist

• Not a direct copy of crypto.
• Follows regulations and is easy to understand.
• If successful, it could be a big deal.

How It Works

• Simple trades: Pay a price now, get a fixed amount later if right.
• If wrong, you get nothing.
• Like betting on a sports game, but for financial events.

Key Differences

• Regulated exchange: Safer and follows rules.
• Crypto prediction markets: More open and riskier.

The Challenge

• Making trades popular and trusted.
• Cboe's advantage: Regulated and safe.
• Crypto markets: Can list anything quickly (sports, politics).

Success Factors

• Easy to understand and popular.
• Avoid legal problems.
• A big bet that could change trading.