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Charles Schwab Enters Prediction Markets, Taking Aim at Kalshi and Polymarket

2026-06-20 05:37:00

Story Highlights* Charles Schwab is preparing to launch S&P 500-based prediction contracts through a partnership with Cboe.

The move places Schwab in direct competition with Kalshi, Polymarket, Coinbase, and Robinhood.
Schwab is focusing on financial events rather than politics or sports.

KALSHI-0.42%

POLYMARKET0.40%

SPX500-0.03%

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