First 0DTE, now Yes-or-No S&P 500 bets. Are we just speedrunning the gamification of the market?

First came options, then weekly options, then 0DTE options, then prediction markets. Now, Charles Schwab is partnering with Cboe Global Markets to develop binary options: simple yes-or-no bets on where the S&P 500 closes. Unlike Polymarket or Kalshi, these settle in cash or nothng based on target levels. They're even adding a Plus Zone feature for partial payouts on near-misses. Wall Street spent decades trying to look different from a casino, but lately it's moving the other direction. Retail trading volume is already shifting heavily toward ultra-short-term derivatives. At what point does financial innovation just become a more sophisticated way to gamble?