Jiaxin Wealth Management enters the predictive market business.

Jiaxin Wealth Management is now venturing into the prediction market. Informed sources revealed that the brokerage is collaborating with Cboe Global Markets to launch "all or nothing" options contracts, allowing clients to make binary bets on the performance of the S&P 500 index. These contracts are slightly different from those offered by platforms such as Kalshi or Polymarket, which list futures contracts rather than options. However, the basic operation of these binary options is the same: based on whether the index closing price is higher or lower than the target price, they either pay a fixed cash settlement amount or nothing at all. Informed sources said that Jiaxin Wealth Management will offer these contracts to clients in the coming months. In addition, Jiaxin Wealth Management is also launching a similar options product with a feature called "the plus zone" from Cboe, allowing traders to receive partial payments if they accurately predict the overall direction, even if the index closing price is not completely in line with their prediction.