Schwab signals openness to investment-linked prediction markets
Charles Schwab chief executive Rick Wurster said on 21 January that the firm is open to offering prediction markets tied to economic indicators such as employment and inflation. He said the contracts could complement or hedge investment portfolios, but are not a current product priority; he opposed sports-related contracts.
Investors should note Schwab’s interest in investment-linked prediction markets, while sports contracts are excluded from its stated plans.