Cboe Revives “All-or-Nothing” Binary Options to Challenge Prediction Market: WSJ

Cboe has weighed bringing back fixed-return binary options for retail investors and has held preliminary discussions with brokerages, market makers, and regulators. The move has followed a surge in prediction markets, with Kalshi and Polymarket posting record monthly volume in January in the U.S. now.
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Ripple Co-Founder Leads $40M Push to Counter California Wealth Tax

Ripple co-founder Chris Larsen and venture capitalist Tim Draper launched Grow California with $40 million to elect moderate state legislators and oppose a union-backed wealth tax that would impose a 5% levy on net worth exceeding $1 billion.
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