SEC approves Cboe prediction market options tied to Coinbase, Nvidia, Tesla metrics

Betting on whether a stock goes up is old news. Betting on whether Tesla hits a delivery number, or whether Coinbase clears a trading volume threshold, just got the US Securities and Exchange Commission’s blessing. On October 14, 2026, the SEC approved a rule change letting Cboe Global Markets list and trade binary options tied to key performance indicators reported by public companies. That makes Cboe the first securities exchange cleared to offer this kind of product. How the KPI contracts work Think of these contracts as a yes-or-no question with money attached. Will a company’s reported metric land at or above a set threshold? If yes, the contract pays $1. If no, it pays $0. The answer comes from the numbers companies report in their SEC filings. The filing either shows the metric clearing the bar or it doesn’t. The initial lineup covers more than 100 metrics across 23 companies. Coinbase, Nvidia, Tesla and Apple are among the names on the list. Examples include Coinbase’s trading volume, Nvidia’s data-center revenue and Tesla’s vehicle deliveries. Each is a distinct operational number rather than a reflection of the overall share price. Robinhood Markets will be the first reta...