Schwab Brings Cboe Prediction Markets to Retail, Pressures
Charles Schwab teaming up with Cboe puts a major TradFi retail broker directly into event-contract trading, accelerating the squeeze on Polymarket and Kalshi's retail base.
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Charles Schwab teaming up with Cboe puts a major TradFi retail broker directly into event-contract trading, accelerating the squeeze on Polymarket and Kalshi's retail base.
By settling on the S&P 500 rather than sports or elections, Schwab sidesteps the state-vs-CFTC fight now engulfing Kalshi and Polymarket — and brings $13T in client assets into prediction-style…
The yes-or-no contracts won't be event-style like Kalshi or Polymarket, but they slot a top US brokerage directly into the same wagering lane — and signal TradFi is comfortable moving closer to…
The first major US broker-led entry into event-based trading sidesteps political and sports contracts — a regulatory and reputational hedge that may shape how TradFi giants enter the space.
A $12T-asset brokerage is now offering direct bitcoin and ether trading to Main Street — the first phase of a 35M-client rollout that could pull an entirely new buyer base into spot crypto.
Schwab's $11.77T asset base gives the launch immediate retail reach no pure-play crypto venue can match — and it lands days before the SEC weighs in on broader rules for crypto custody.