Nasdaq has applied for approval from the U.S. Securities and Exchange Commission (SEC) to introduce prediction market options tied to a major stock index, according to a recent regulatory filing.
The exchange operator is proposing to list binary options linked to both the Nasdaq 100 index and the Nasdaq 100 Micro Index. If approved, the new products would allow traders to take positions based on predefined outcomes related to the performance of these benchmarks.
The Nasdaq 100 tracks 100 of the largest non-financial companies listed on the Nasdaq exchange. The index includes major technology and growth names such as Apple, Nvidia and Intel, making it one of the most closely watched equity benchmarks in the United States.
The Nasdaq 100 Micro Index is structured at one-hundredth the value of the full Nasdaq 100. This smaller contract size is designed to provide greater accessibility and flexibility for retail and smaller-scale traders.
The proposal signals Nasdaq’s push to expand its derivatives offerings and tap into growing interest in prediction-style financial products, pending SEC approval.
