Interestingly, Schwab is starting to seriously look at predictive markets. In the quarterly CEO report, Rick Wurster explained that they distinguish between financial bets on real events like inflation and entertainment bets on celebrities or sports.

But here’s the thing — Schwab is not rushing. Wurster said that this is not a priority for their clients at all, and statistics show that people usually lose money on predictions. They will study it, it’s technically easy to implement, but when the time comes, they will do it wisely.

So don’t expect Schwab to quickly enter this segment. It seems they are choosing a cautious approach.