Cboe’s Binary Bets Reboot: A Polymarket Rival in the Making
Cboe Global Markets is quietly strolling back into the binary-wager business, obviously compiling the kind of restrained enthusiasm that only a suits-and-cravats economy can muster when faced with on-chain prediction giants such as Polymarket. The Wall Street Journal says they’re “in discussions with retail brokerages to relaunch ‘all-or-nothing’ options contracts for individual investors that would vie with prediction markets,” quoting people familiar with the matter.

![Numerical simulations, parameterized as described in the accompanying text, explore the behavior detailed by equation [latex] (2) [/latex].](https://arxiv.org/html/2602.02105v1/figure1.png)






