SEC Approves Cboe’s KPI Prediction-Market Bets Via Robinhood

The US Securities and Exchange Commission (SEC) approved Cboe Global Markets Inc.’s proposal to list options contracts tied to performance metrics for publicly-traded companies.

The move is a first for a securities exchange and opens up a new market for prediction-based trading.

The contracts, known as KPI (Key Performance Indicator) options, will allow investors to bet on the performance of companies based on metrics such as earnings or sales growth.

The impact on seafarers is minimal, as the new market does not directly affect their working conditions or pay.

The impact on the shipping industry is also minimal, as the new market does not directly affect the industry’s operations or profitability.