Cboe has filed a proposal with the SEC to introduce all-or-nothing options, aiming to capitalize on the growing interest in prediction markets. These binary options offer a fixed payout if a condition is met, or nothing if it isn't, mirroring the simple yes/no framework popularized by prediction markets. Cboe's initiative seeks to integrate this model within regulated US exchange systems, providing a compliant alternative to crypto-native prediction venues. The move is part of Cboe's strategy to leverage its existing brokerage infrastructure and expand into areas influenced by prediction markets and cryptocurrency. While binary options have faced criticism due to past misuse in unregulated markets, Cboe aims to offer a transparent and standardized product. The success of this venture will depend on its ability to maintain regulatory compliance while appealing to retail traders accustomed to the straightforward nature of prediction markets.