Cboe To Offer ‘Payout Zone’ Third Option on Prediction Markets
Prediction markets have functioned as a yes-or-no, all-or-nothing system, with payouts occurring provided that a market resolves a sure means. Will Michael B. Jordan win the Oscar? Yes or No. Will Fernando Mendoza be the No.1 general choose within the NFL draft? Yes or No. Simple, binary decisions with clear $0 or $1 per contract…
