Polymarket · S&P 500 · Wall Street · CryptoSlate
Charles Schwab prediction market partnership with Cboe to take traders away from Polymarket, Kalshi
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Schwab's reported prediction markets effort with Cboe will put prediction markets on the same screen as stocks, ETFs, and options.
Key facts
- A June 20 Wall Street Journal report said Schwab is collaborating with Cboe on products tied to whether the S&P 500 closes above or below specified levels
- Cboe's later listing notice and June materials around Mini S&P 500 Index Binary Options show the idea reaching exchange infrastructure
- A related Cboe binary options FAQ described XSP binary contracts with short-dated expirations, regular-hours trading at launch, and fixed outcome mechanics
- For a Schwab customer, if the reported work reaches customer accounts, S&P 500 outcome trades could look like selecting another listed derivative from a familiar broker screen
Summary
01 Schwab is reportedly working with Cboe on S&P 500 prediction-style products for brokerage accounts. 02 If launched, the contracts could make yes-or-no market bets available alongside stocks, ETFs, and options for retail customers. 03 But Schwab has not confirmed availability, and Cboe's filings still need to show fees, trading, and liquidity. A June 20 Wall Street Journal report said Schwab is collaborating with Cboe on products tied to whether the S&P 500 closes above or below specified levels.