Core Viewpoint - Nasdaq Inc. plans to launch its own prediction market offering, introducing options contracts for yes-or-no bets priced between 1 cent and $1, pending SEC approval [1][2]. Group 1: Nasdaq's Prediction Market Initiative - Nasdaq's Outcome Related Options will allow traders to take binary positions on specified events, representing a simplified version of traditional options contracts [2]. - This initiative marks Nasdaq's first entry into the prediction market space, regulated by the SEC rather than the CFTC, differentiating it from competitors like Kalshi and Polymarket [3]. Group 2: Industry Context and Regulatory Landscape - The prediction market industry has seen significant growth, generating billions in trading volume weekly, allowing wagers on various outcomes, including financial and political events [4]. - Ongoing discussions exist regarding regulatory jurisdiction over prediction markets, with the SEC and CFTC both asserting potential oversight roles [5][6]. - Other major players in the industry include Intercontinental Exchange, which invested up to $2 billion in Polymarket, and CME Group, which has partnered with FanDuel for a prediction market offering [7][8].

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