Charles Schwab Expands into Prediction Markets with Binary Options on S&P 500
The Charles Schwab Corporation is expanding into the prediction markets space by introducing binary options contracts for customers to bet yes-or-no on the performance of the S&P 500, in collaboration with Cboe Global Markets. These all-or-nothing contracts differ from futures-based offerings like those at Kalshi and Polymarket but function similarly through fixed cash settlements based on outcomes.
Topics: binary options Cboe Global Markets Charles Schwab S&P 500 prediction contracts