Nasdaq is set to enter the prediction market with plans to introduce binary options on the CSI 100 index. The exchange operator has submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) to list these options on its Nasdaq 100 and Nasdaq 100 Mini indices. These binary options will allow traders to make "yes or no" bets on major stock indices, with contracts priced between 1 cent and $1, reflecting market perceptions of event likelihood. This marks Nasdaq's first venture into prediction market products, offering a simplified form of options contracts where payouts depend on the outcome of a specific proposition. Unlike event contracts regulated by the Commodity Futures Trading Commission, these binary options fall under SEC regulation. The launch is pending SEC approval.