Overview
- The launch, disclosed Tuesday, June 23, 2026, announced Cboe Predicts and a formal distribution tie with Charles Schwab while setting a Q2/June rollout target.
- Cboe Predicts uses a proprietary three‑outcome payout: a full $100 payoff for exact wins, a partial payout inside a defined “Plus Zone,” or zero for misses.
- Contracts are tied to the daily S&P 500 close and use Mini‑SPX (XSP) as the underlying instrument to determine settlement.
- The products will trade on the Cboe Options Exchange and be centrally cleared by the Options Clearing Corporation, allowing Cboe to leverage existing SPX liquidity rather than build new markets.
- Cboe is pushing retail education and staged distribution (Interactive Brokers already listed; Schwab to roll out in coming months) while limiting offerings to financial benchmarks and leaving final timing, pricing and availability subject to internal approvals and regulatory review.