Cryptocurrency19 Jun 2026SEO 801 min read

Analysis: Schwab to join prediction markets race with S&P 500 event-based options: WSJ

The planned offering would let customers bet on index moves as Coinbase and Robinhood expand in the sector. Charles Schwab is partnering with Cboe Global Marke…

The planned offering would let customers bet on index moves as Coinbase and Robinhood expand in the sector. Charles Schwab is partnering with Cboe Global Markets to offer new yes-or-no options contracts on the S&P 500, marking the brokerage’s first move into prediction markets. The planned product will function like a binary option, paying a fixed amount or nothing based on whether the index closes above or below a preset level, with rollout to Schwab customers expected in the coming months. Sc…

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