Nasdaq is planning to launch binary options products linked to the Nasdaq-100 Index, marking its first official move into prediction market-related products. These binary options will use a yes/no contract structure with price ranges from $0.01 to $1, reflecting market probability expectations. The launch is pending approval from the U.S. Securities and Exchange Commission. This development is seen as a significant step towards the institutionalization and mainstream adoption of prediction markets, as traditional exchanges begin to recognize and incorporate these products into compliant frameworks.