SEC Approves Cboe Prediction Market Options on Coinbase, Nvidia, Tesla
- —SEC approved Cboe's proposal to list options tied to corporate KPIs
- —Contracts reference metrics from Coinbase, Nvidia and Tesla, not share prices
- —Payouts depend on whether a defined condition is met by a set date
- —No launch date, specific metrics or expiration terms were disclosed
Why it matters: The approval legitimizes metric-linked options under SEC oversight and expands event-based derivatives, including for crypto exchange Coinbase.
Source: Bitcoin Insider