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Markets

Charles Schwab Expands into Prediction Markets with S&P 500 Bets

Brokerage firm Charles Schwab Corporation has entered the prediction markets segment by partnering with Cboe Global Markets to offer binary options tied to the performance of the S&P 500.

askFinz Newsroom· Jun 21, 2026#charles#schwab#expands#prediction
AI Summaryacross 1 source
  • Charles Schwab Corporation has entered the prediction markets sector with its partnership in binary options tied to the S&P 500.
  • The new products are all-or-nothing contracts that allow customers to bet on whether the index will rise or fall by a certain percentage within a set period.
  • This move is part of Charles Schwab's strategy to offer more diverse financial instruments to its customer base.
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