It's interesting that Schwab is seriously looking into predictive markets. During the quarterly earnings conference, CEO Wurster brought up this topic, but with caveats. He says that the difference between betting on celebrities' personal lives and betting on economic data is fundamental. Schwab isn't rushing because client demand isn't very high, and the statistics on traders in such markets are grim — people more often lose than make money. But Wurster hinted that if Schwab does decide to offer such a product, they will do it seriously and by the book. A typical corporate move — studying it, but not rushing. What do you think, could this really take off, or is it just another trend that Schwab will wait for while everyone else experiments?

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