Schwab will enter prediction markets with options on the S&P 500

Charles Schwab is preparing its first entry into prediction markets: together with Cboe Global Markets, the broker is launching for clients binary "yes/no" payout options on the movement of the S&P 500 index, WSJ writes. The launch is expected in the coming months. In the future, the lineup may be expanded to other market indices and financial benchmarks.

Source: ForkLog