Charles Schwab Partners with Cboe to Launch S&P 500 Prediction Market Contracts
Charles Schwab (SCHW) is working with Cboe Global Markets (CBOE) to roll out prediction market contracts that allow customers to place yes-or-no wagers on the performance of the S&P 500, Hannah Erin Lang of Wall Street Journal reports, citing people familiar with the matter. The contracts differ slightly from the ones offered by Kalshi or Polymarket, which list futures contracts, not options, the Journal says. Schwab will make the contracts available to customers in the coming months, sources told the paper.
