Charles Schwab Enters Prediction Markets, Taking A
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Charles Schwab Enters Prediction Markets, Taking Aim at Kalshi and Polymarket
Charles Schwab, one of the largest brokerage firms in the United States, is preparing to enter the Prediction Market with Cboe Global Markets. They planned to introduce contracts that allow traders to make simple yes-or-no predictions on where the S&P 500 will finish.
This move from Schwab has directly challenged the current dominance of Kalshi, Polymarket, Coinbase, and Robinhood.
Why Schwab Is Entering Prediction Markets Now
Over the last two years, prediction markets have grown from a niche product into a rapidly expanding trading category. Platforms such as Polymarket have processed billions of dollars in trading volume around elections, interest-rate decisions, inflation reports, and other major events.
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