Nasdaq Requests SEC Permission for New Stock Index Betting Options
The nasdaq exchange has filed regulatory documents dated March 2nd seeking permission to offer binary options on the Nasdaq 100 and the Nasdaq 100 micro index, a move that would let traders place yes-or-no bets on whether the index hits set price levels within specified time periods.
Nasdaq files for binary options on Nasdaq 100
The filing dated March 2nd asks the Securities and Exchange Commission for authorization to list binary options tied to the Nasdaq 100 and to the Nasdaq 100 micro index. The Nasdaq 100 tracks the 100 largest non-financial corporations trading on the exchange and the filing names Apple, Nvidia and Intel as members; the Nasdaq 100 micro index is described as representing one one-hundredth of the full index’s value.
How the proposed prediction market would work
The proposed instruments would operate as prediction markets: traders would place yes-or-no bets on whether the Nasdaq 100 reaches specific price thresholds within set time frames. The filing frames the contracts as binary options that resolve based on whether a stated price level is achieved during the contract’s specified period.
A package that also carried other headlines
The set of headlines accompanying the filing included multiple, unrelated items. One item said President Trump indicated Monday that military actions against Iran will escalate significantly in coming days, a comment linked to a reported killing of Iran's Supreme Leader Ayatollah Ali Khamenei and described as leaving uncertainty about Iran's leadership.
Sports and trade moves listed alongside regulatory notice
Also in the package: the Cleveland Browns are acquiring offensive lineman Tytus Howard from the Houston Texans in a trade that becomes official March 11; Howard is listed as having seven seasons of NFL experience and is expected to sign a three-year extension worth up to $63 million with Cleveland.
Defense requests and telecom legal fights noted
Another item said multiple Gulf countries have approached Italy requesting advanced air defense and anti-drone systems as regional conflicts escalate; Italy's defense minister is quoted saying the requests are urgent but that supply is limited due to existing commitments to Ukraine. Separately, T-Mobile has filed a countersuit against Verizon, alleging the rival uses deceptive advertising tactics and framing the legal battle as emerging from competing claims about savings and service quality between the two carriers.
A technical-interruption notice appeared in the material
The packet also included a technical-interruption message instructing users, "To continue, please click the box below to let us know you're not a robot, " and advising that browsers must support JavaScript and cookies and not block them from loading. The notice advised readers to review Terms of Service and Cookie Policy for more information, and to contact a support team with a reference ID for inquiries.
The regulatory filing itself was dated March 2nd, and the related NFL trade is set to be finalized March 11; those are the next confirmed dates in the material provided.
