Nasdaq plans to introduce binary options contracts for major stock indices, marking its entry into the growing prediction market sector. According to a rule change proposal submitted to the U.S. Securities and Exchange Commission, Nasdaq aims to list these options on its flagship Nasdaq 100 Index and the Nasdaq 100 Micro Index. The contracts will be priced between 1 cent and 1 dollar, reflecting market perceptions of the likelihood of specific outcomes. This initiative represents Nasdaq's first foray into products mirroring prediction markets.