Nasdaq Applies to SEC for Listing Binary Options Targeting the Nasdaq 100 Index

According to a report by Bloomberg on March 2, Nasdaq Inc. has submitted a rule change proposal to the U.S. Securities and Exchange Commission (SEC) for listing binary options targeting the 'Nasdaq 100 Index' and the 'Nasdaq 100 Micro Index'. This marks the company's first venture into prediction market-based products. According to the application documents, these products are categorized as 'Outcome Related Options...