Charles Schwab to enter prediction markets with S&P 500 wagers: WSJ
The offering from the financial services company will reportedly only include yes-or-no bets on whether the S&P 500 closes above or below a target price.
Financial services giant Charles Schwab will reportedly enter the prediction markets business by offering customers wagers on the S&P 500.
According to a Friday Wall Street Journal report, Charles Schwab is planning to launch options contracts allowing users to place yes-or-no wagers on the performance of the S&P 500 stock market index. The move, expected to roll out in a matter of months as part of a partnership with Cboe Global Market, could mark the company’s first into prediction markets.
Source: Kalshi