Wall Street is desperate to copy cryptos prediction markets as Cboe files for Yes/No options

Cboe wants to bring back all-or-nothing options, a contract that pays a fixed amount if a condition is met and pays zero if it isn’t.

While that might sound like a small product refresh, the timing makes it hard to ignore. Prediction markets have trained a new retail reflex: turn a belief into a number that reads like odds, then buy or sell that number.

Cboe’s proposal to the SEC is an attempt to package that same instinct inside US exchange rules, clearing, and brokerage distribution.

However, it’s…