Charles Schwab Planning to Roll Out S&P 500 Prediction Markets With Cboe: WSJ
Global financial giant Charles Schwab is gearing up to test its hand at the burgeoning prediction markets industry, according to a new report from the Wall Street Journal. The discount brokerage tipped its hand earlier this year during its first quarter earnings call, with CEO Rick Wurster saying it would “likely have prediction markets.” But Wurster drew a distinction between financial market offerings and those that allow users to wager on sports, politics, and entertainment.