PANews posted on X (formerly Twitter) that the prediction market has brought the concept of 'betting on outcomes' to the forefront, prompting traditional exchanges to take notice. Cboe, which previously attempted binary options in 2008 but withdrew after failing, is now preparing to relaunch them with a clear objective: to reclaim the retail investor segment. The article by @bz1022911 outlines the reasons behind the failure in 2008 and why the concept is being revisited today, providing a comprehensive analysis of the evolving market conditions.