Nasdaq Brings Prediction Markets to Wall Street with New SEC Filing

Trading platform Nasdaq has made its move to bring prediction markets access to Wall Street. The trading platform submitted a new filing with the SEC to offer options contracts in this growing market.

Nasdaq Files to Launch Prediction Markets Options

According to a new filing, the exchange platform intends to introduce options contracts that will facilitate traders in making yes-or-no style bets on a prominent stock index. This is the latest exchange operator to put its own spin on prediction markets that are rapidly growing.

The New York-based exchange operator is seeking to introduce binary options on its Nasdaq 100 index and Nasdaq 100 micro index. The outcome-related options will be priced between 1 cent and $1 and will allow traders to bet on the binary outcome of a particular event. This is essentially Nasdaq’s first offering that mirrors a prediction market product.

Nasdaq is joining other exchange operators who are rushing to list event-based contracts following Kalshi and Polymarket. The CME Group, which is overseen by the Commodity Futures Trading Commission, has taken significant steps to attract retail demand.

This comes especially after the CFTC launched a program called Future-Proof. Its aim is to modernize the regulation of digital assets and prediction markets.

Notably, Binary options are under the SEC’s regulatory authority. Nasdaq’s proposal highlights the willingness of established exchanges to modify the prediction style format for the regulated securities market.

To add, Cboe Global Markets plans to launch its version of event contracts in the second quarter of the year, but focused on business and market events, not sports.

Crypto Platforms Join Prediction Sector Trend

Many crypto companies and exchanges are now looking to tap into the prediction market trend as the market continues to boom. Coinbase introduced prediction markets on its platform last December. This allowed traders who deal with digital assets to access contracts based on political, economic, and cultural events.

MetaMask also introduced the use of Polymarket on its mobile app last December. Users can just open the app and select a market. They can also fund the balance on the app in a matter of seconds.

This new Nasdaq also came after the launch of Axiom’s prediction market on the XRPL. This allowed XRP and RLUSD holders to trade on real markets. The beta platform was launched in January.

The global prediction market size was estimated to be $17.49 billion in 2025, and it is expected to grow to more than $21.24 billion in 2026. It is also projected to reach $113.46 billion by 2035.