The US Securities and Exchange Commission (SEC) has approved Nasdaq's proposal to introduce a new class of stock market prediction instruments, known as Outcome-Related Options (OROs), linked to the Nasdaq-100 Index. These cash-settled binary options will pay a fixed amount of $100 at expiration if the index finishes above a predetermined level. Nasdaq MRX, an electronic options exchange operated by Nasdaq, will initially offer these options linked to both the Nasdaq-100 Index, which includes major companies like Apple, Nvidia, and Intel, and the Nasdaq-100 Micro index, representing one-hundredth of the full index value. The SEC granted accelerated approval to this proposal, which was submitted in March, stating it aligns with regulatory requirements and does not introduce new concerns. This approval is part of a broader trend, as various firms seek to capitalize on the legitimacy and revenue potential of prediction markets. Additionally, Cboe Global Markets is also planning to launch similar all-or-nothing contracts focused on financial and economic events, pending regulatory approval.