Schwab to join prediction markets race with S&P 500 event-based options: WSJ

Charles Schwab is preparing to enter the prediction market sector by introducing event-based options linked to the S&P 500. According to reports from WSJ, the firm is collaborating with Cboe to facilitate this initiative. This strategic move allows Charles Schwab to join the competitive race within prediction markets, leveraging Cboe's infrastructure to offer specialized financial instruments based on specific market events and indices to its client base in the United States.