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Home/News/Charles Schwab Plans S&P 500 Prediction Markets With Cboe
Decrypt·16h ago·positive

Charles Schwab Plans S&P 500 Prediction Markets With Cboe

Charles Schwab is teaming up with Cboe to launch prediction markets focused on S&P 500 performance, marking another major financial firm's entry into the prediction market space.

  • Charles Schwab will offer S&P 500 prediction contracts via Cboe Global Markets in the coming months
  • Users will bet on whether the index finishes higher or lower than a given price, similar to Kalshi and Polymarket
  • A 'Plus Zone' feature pays out even if predictions are close but not exact
  • Schwab recently launched spot Bitcoin and Ethereum trading and is exploring stablecoin offerings
  • The firm manages $11.8 trillion in total customer assets
marketregulationImpact 6/10
Why our editor rated this positive

A major traditional financial institution entering prediction markets signals growing mainstream acceptance of crypto-adjacent financial products and innovation.

Read the full story at Decrypt

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

Last updated 20 Jun 2026

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