SEC APPROVES BINARY OPTIONS ON COMPANY METRICS FOR COINBASE, NVIDIA, TESLA

Summary from the TLDR Crypto newsletter

The SEC has approved binary options contracts tied to company performance metrics for Coinbase, Nvidia, Tesla, MARA, SpaceX, and 20 other firms. Each contract pays a fixed $1 if the chosen metric clears a set threshold and expires worthless if it does not, structuring payouts identically to event-based prediction markets. Cboe will list more than 100 metrics spanning Coinbase trading volume, MARA Bitcoin production, Nvidia data center revenue, and SpaceX total revenue. Robinhood will be the first retail broker to distribute the contracts, with no trading fees through year-end.