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Charles Schwab reportedly plans prediction-market contracts with Cboe

Deals & M&A

Charles Schwab has reportedly partnered with Cboe Global Markets to develop contracts linked to the S&P 500. An unnamed source said the all-or-nothing products could launch in the next few months, with traders taking positions on whether the index reaches a specified level on a specified date.

The reported partnership could bring a traditional securities provider into prediction-market trading.

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Deals & M&A

Meta reportedly considers prediction-market partnerships as it develops Arena

Meta is reportedly developing Arena, an app for user predictions on sports, politics, economics and entertainment, initially using points rather than real-money wagers. Mark Zuckerberg has reportedly asked staff to assess potential partnerships with Polymarket and Kalshi, but no agreement terms are known and the companies have not commented. The project remains in internal development, with a standalone launch and later integration into Meta services described as possibilities.

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