‼️ Nasdaq Plans to Launch Binary Options

📈 The exchange has requested SEC approval for binary options linked to its flagship index Nasdaq 100 and its micro version.

✅ The price will fluctuate between $0.01 and $1, moving toward the extremes depending on how traders assess the likelihood of the event occurring.

Nasdaq's initiative is associated with the popularity of prediction markets, where contracts typically cost $1 upon the event's occurrence and expire worthless if the prediction does not come true.