One of the largest U.S. derivatives exchanges is bringing back yes/no bets on the S&P 500 after pulling them a decade ago, moving onto turf that Polymarket and Kalshi turned into one of the internet's fastest-growing corners. Cboe is reintroducing S&P 500 binary options, a yes-or-no bet on whether the index crosses a set level, after shelving similar products more than a decade ago. The exchange is adding a new feature based on a vertical spread, allowing traders to receive partial payouts…
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