Nasdaq files for prediction market-style options on Nasdaq-100

The offering could enable traders to bet on the stock performance of Nasdaq-100 companies such as Nvidia, Apple, Google and Tesla.

One of Nasdaq’s options exchanges, Nasdaq MRX, has filed to offer cash-settled, binary-style contracts on the Nasdaq-100 Index, adding to a wave of Wall Street firms testing the prediction market waters. 

Nasdaq, the firm behind the second-largest stock exchange by market capitalization, is looking to offer “Outcome Related Options” for yes-or-no bets, priced between 1 cent and $1, according to its filing to the US Securities and Exchange Commission on Monday.

The offering would allow traders to take binary positions on events linked to the Nasdaq-100 and Nasdaq-100 Micro indexes — not outcomes related to other events such as sports, culture and politics.

Some of the most notable stocks in the Nasdaq-100 include Nvidia (NVDA), Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Google (GOOGL), Meta (META) and Tesla (TSLA).

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