Charles Schwab Working with Cboe to Enter Prediction Market, WSJ Reports
The brokerage would let customers place yes-or-no bets on the S&P 500 as prediction markets expand beyond politics and sports.
- Charles Schwab and Cboe Global Markets are launching binary options contracts allowing customers to place yes-or-no wagers on S&P 500 performance, The Wall Street Journal reported on Friday, marking Schwab's first move into prediction markets.
- Prediction markets surged in popularity during the 2024 U.S. presidential election and evolved into an asset class letting investors wager on events from monetary policy to sports tournaments, with platforms such as Kalshi and Polymarket attracting growing trader interest.
- Unlike traditional prediction platforms, Schwab's binary options would pay fixed cash or expire worthless based on whether the S&P 500 closes above or below a target price, while the company focuses on objectively verifiable financial market outcomes rather than politics or sports.
- Coinbase and Robinhood have recently introduced prediction market offerings, with trading platforms including Interactive Brokers rolling out event contracts in recent months, positioning Schwab as the latest entrant in a rapidly expanding industry.
- The feature is expected to roll out to Schwab customers in the coming months, with the companies discussing potential expansion beyond the S&P 500 to other market indexes and exploring a 'Plus Zone' feature allowing partial payouts for near-accurate predictions.
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Charles Schwab to Enter Prediction Markets with S&P 500 Wagers: WSJ
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 m…
Charles Schwab Targets Kalshi and Polymarket Territory With New Cboe Deal – #CryptoUpdatesGNIT
Key Takeaways Schwab will offer binary S&P 500 options through a Cboe Global Markets partnership in the coming months.Schwab manages $11.8 trillion in client assets across 47.2 million accounts as of Q1 2026.CEO Rick Wurster reversed December 2025 caution after calling prediction markets a “hard look” in April. The brokerage Charles Schwab has reportedly partnered with Cboe Global Markets to offer binary-style options contracts tied to the S&P 5…
Cboe and Schwab Work on S&P 500 Event-Style Trading Contracts
Why Is Schwab Moving Into Prediction Markets? Charles Schwab is working with Cboe Global Markets on a new options contract that would let customers make yes-or-no wagers on the performance of the S&P 500, marking the brokerage’s first direct move into the fast-growing prediction market segment. The product is expected to roll out to Schwab customers in the coming months, according to people familiar with the plan. The move would place one of the…
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