Cboe Global Markets is in early discussions with retail brokers and market makers to reintroduce binary options contracts. According to Odaily, this move aims to compete in the rapidly expanding prediction market. In January, platforms like Kalshi and Polymarket achieved a record monthly trading volume of $17 billion. Cboe initially launched this product in 2008 but later withdrew it. The company now seeks to reposition the product as an entry point for retail investors into the options market, with oversight from either the SEC or CFTC.