Regulation· ★★★· neutral·

SEC approves binary options on operating KPIs of Coinbase, Robinhood and Marathon

  • —Approval signed by Paul Atkins and announced on 13 October 2026
  • —Contracts cover 23 companies; exercise only at expiration, settled against SEC filings
  • —Robinhood event-contract revenue topped $156 million in Q2
  • —SEC left CFTC oversight of Kalshi-style event contracts unchanged
Why it matters: The approval broadens derivatives infrastructure for crypto equities but introduces liquidity and manipulation risks around the underlying metrics.
Source: Crypto Economy