Cboe Redefines Binary Options Payouts for Clearer Casino Vibes
Published Date: 4/20/2026
Notice
Summary
Cboe Exchange just updated how they calculate the payout for binary options, which are special bets on whether a stock hits a certain price. This change affects traders using these options and takes effect immediately, making payouts clearer and fairer. If you trade binary options, keep an eye on this update because it could impact your money right away!
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Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Lower Minimum Binary Payouts Allowed
Cboe changed the rules so the minimum exercise settlement value for a binary option can be $1 instead of $10. That means the smallest payout per contract could be $1 (multiplier 1) and a binary option using the common 100 multiplier could have a $100 payout instead of the prior $1,000.
Cboe Intends To List Binary Options
The Exchange states it does not currently list binary options but intends to begin listing binary options in upcoming months. If you trade or invest, this means Cboe plans to offer these all-or-nothing index binary options on its market.
Payout Amounts Must Be Disclosed Upfront
The filing states the exercise settlement amount for any binary option will be known to investors in advance, so you will know the exact cash payout before you trade. This helps you decide whether to trade a given binary option.
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