In collaboration with Cboe Global Markets, the Chicago Futures Exchange's parent company, Cassandra is planning to launch a predictive contract linked to the 500 standard performance in the coming months. Unlike the event futures that are common in Kalshi, Polymarket, this product will use an option structure that shows that traditional voucher dealers are accelerating their access to event-driven trading markets.
The first product focus is 500.
According to sources quoted in the Wall Street Journal, CSW is preparing to introduce a “all or none” option contract that will allow customers to place the 500 index at what range or level. If hit, the contract is settled as set; if hit, the gain is zero.
Reports indicate that the first products of CSCI will focus on quantifiable financial outcomes, rather than covering a broader range of political, sports or social events, as in the case of Kalshi, Polymarket. The parties also discussed the future expansion of contracts to other market indicators.
The near-predictment can be partially compensated.
In addition to the full settlement of the product, CSWF also plans to introduce an option product with a “close to forecast and recoverable” feature. The design would use the so-called “plus zone” mechanism of Cboe, which could be partially paid even if the investors did not have an accurate index count in hand, provided that the results were close enough.
This design, which differs from the traditional binary outcome products, also means that CSW wishes to package the forecasted trade in products closer to the mature derivatives system, rather than simply replicating the model of the encrypted raw prediction platform.
Synchronising folder
As the demand for transactions increases as events drive, more and more institutions begin to set up their own markets. This initiative also allows CME Group, Proximity Securities, etc. to take up the same track with institutions that have entered the relevant fields. Kalshi previously disclosed that its institutional transactions had increased by 800 per cent in six months.
Meanwhile, the DefiLlama data show that Polymarket has spent approximately $1.5 million over the past 24 hours, and around $10 million over the past 7 days, reflecting the activity of the encrypted original prediction platform.
The expansion of digital asset operations is also continuing. Crypto.news previously reported that it planned to extend direct encryption services from retail customers to registered investment consultant platforms, with the aim of providing spot-encrypted currency transactions, transfers and hosting capabilities by 2027. Its retail end, Schwab Crypto, has supported spot bitcoin and ephemeral transactions, and some United States clients have been granted direct access this year.