The Gambling Wire: SEC Clears Cboe Corporate Options as Kentucky Cases Face Remand
By The Weekly Edge desk ·
Summary
The SEC has signed off on Cboe listing binary options linked to corporate performance metrics, starting with 23 companies, and Robinhood is expected to be the first retail broker to offer them. SEC Chairman Paul Atkins said the approval leaves open the question of CFTC jurisdiction over such KPI contracts. Separately, a Kentucky federal magistrate judge recommended sending the state's enforcement suits against Kalshi and Polymarket back to state court, though a district judge must still adopt the findings.
Why it matters
SEC approval of Cboe's corporate binary options opens a second regulatory route, while the Kentucky remand recommendation could expose Kalshi and Polymarket to state action.