Nasdaq has sought approval from the U.S. Securities and Exchange Commission to roll out prediction markets options ​on a major stock index, according to a regulatory ‌filing.

Major U.S. exchange operators are increasingly seeking to tap into the event prediction markets space, which allow users to bet on the outcomes of real-world events and ​has surged into the mainstream since the 2024 U.S. ​presidential race.

The New York-based exchange operator is seeking to list binary ⁠options on its Nasdaq 100 index and the Nasdaq ​100 micro index, according to the proposal.

The so-called Outcome-Related Options will ​be priced between 1 cent and $1 and let traders bet on binary outcomes of a specific event.

A binary option – also known as “all-or-nothing” option – is ​a type of contract that offers payout based on the outcome of ​a yes-or-no bet.

Top Nasdaq executives said last week the firm was ​going to very ​focused on ⁠the Nasdaq 100 index to start its predictions markets foray.