{"id":74302,"date":"2026-06-20T14:56:52","date_gmt":"2026-06-20T14:56:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/charles-schwab-targets-kalshi-and-polymarket-territory-with-new-cboe-deal\/"},"modified":"2026-06-20T14:56:52","modified_gmt":"2026-06-20T14:56:52","slug":"charles-schwab-targets-kalshi-and-polymarket-territory-with-new-cboe-deal","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/charles-schwab-targets-kalshi-and-polymarket-territory-with-new-cboe-deal\/","title":{"rendered":"Charles Schwab Targets Kalshi and Polymarket Territory With New Cboe Deal"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Schwab will offer binary S&amp;P 500 options through a Cboe Global Markets partnership in the coming months.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Schwab manages $11.8 trillion in client assets across 47.2 million accounts as of Q1 2026.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">CEO Rick Wurster reversed December 2025 caution after calling prediction markets a \u201chard look\u201d in April.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>The brokerage <a href=\"https:\/\/news.bitcoin.com\/charles-schwab-begins-retail-bitcoin-and-ethereum-trading-rollout\/\">Charles Schwab<\/a> has reportedly partnered with Cboe Global Markets to offer binary-style options contracts tied to the S&amp;P 500, according to a Wall Street Journal (WSJ) <a href=\"https:\/\/www.wsj.com\/finance\/charles-schwab-breaks-into-the-prediction-market-business-61f6b9c2\" target=\"_blank\" rel=\"noopener noreferrer\">report<\/a> citing \u201cpeople familiar with the matter.\u201d The contracts let customers wager on whether the index will close above or below a set strike price. A correct call pays a fixed amount. A wrong one expires worthless.<\/p>\n<p>This is Schwab\u2019s first concrete step into prediction-market territory. It follows months of public hesitation from CEO Rick Wurster.<\/p>\n<h2>A Shift From Earlier Caution<\/h2>\n<p>In December 2025, Wurster told the WSJ that Schwab planned to stay away from <span>prediction markets<\/span> and complex leveraged products. He pointed to the blurry line between investing and gambling, and the message it sends to younger investors chasing quick outcomes.<\/p>\n<p>By April, his tone had changed. On Schwab\u2019s first-quarter earnings call, Wurster said the firm was \u201ctaking a hard look\u201d at <span>prediction markets<\/span>, but only ones tied to financial events like <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-inflation\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">inflation<\/a> data or index performance. He drew a clear line against sports, politics, and pop culture markets.<\/p>\n<p>Now that look has turned into action.<\/p>\n<h2>How the Contracts Work<\/h2>\n<p>Schwab and Cboe Global Markets are said to be building the product on existing, regulated options infrastructure rather than a standalone prediction platform. Cboe has already moved to list Mini S&amp;P 500 Index Binary Options, cash-settled contracts that pay either $100 or $0 depending on where the index lands relative to the strike price.<\/p>\n<p>The two firms are also reportedly exploring Cboe\u2019s \u201cPlus Zone\u201d feature, which offers partial payouts for near-miss outcomes instead of an all-or-nothing result.<\/p>\n<p>Schwab plans to keep the offering narrow, the WSJ report notes. Contracts will track only objectively verifiable financial benchmarks, starting with the S&amp;P 500. The firm has ruled out sports, elections, and other non-financial outcomes, a distinction Wurster has repeated since December.<\/p>\n<p>The contracts are expected to reach customers within the coming months.<\/p>\n<h2>Why It Matters<\/h2>\n<p>Schwab manages roughly $11.8 trillion in client assets across 47.2 million accounts, based on first-quarter 2026 figures. Any product rollout at that scale reaches a customer base that most platforms in this space don\u2019t have.<\/p>\n<p> <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-prediction-markets\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Prediction markets<\/a> have grown fast since the 2024 election cycle, expanding into sports, economics, and policy outcomes. <a href=\"https:\/\/srt.bitcoin.com\/kalshi-may\" target=\"_blank\" rel=\"noopener noreferrer\">Kalshi<\/a> and <a href=\"https:\/\/srt.bitcoin.com\/polymarket-newsart\" target=\"_blank\" rel=\"noopener noreferrer\">Polymarket<\/a> have posted record volumes this year, and the 2026 FIFA World Cup has pushed sports-related betting on those platforms well past $3 billion in combined <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-trading-volume\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volume<\/a>.<\/p>\n<p>Other brokerages are watching the same trend. Robinhood has expanded its event contracts business, and Interactive Brokers has bundled access to Kalshi. Schwab\u2019s entry adds a major name to that list, though its scope stays deliberately limited.<\/p>\n<p>By routing the product through Cboe\u2019s regulated options framework instead of building a new platform, <a href=\"https:\/\/news.bitcoin.com\/charles-schwab-targets-2027-crypto-trading-and-custody-launch-for-financial-advisors\/\">Schwab<\/a> avoids much of the regulatory uncertainty tied to standalone <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-prediction-markets\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">prediction markets<\/a>. It also keeps the product inside the brokerage account structure that customers already use.<\/p>\n<p> <!-- --><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/report-charles-schwab-targets-kalshi-and-polymarket-territory-with-new-cboe-deal\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Schwab will offer binary S&amp;P 500 options through a Cboe Global Markets partnership in the coming months. Schwab manages $11.8 trillion in client assets across 47.2 million accounts as of Q1 2026. CEO Rick Wurster reversed December 2025 caution after calling prediction markets a \u201chard look\u201d [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":74303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74302"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74302"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74302\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74303"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}