Schwab to join prediction markets race with S&P 500 event-based options: WSJ

60-second summary

Schwab is set to enter the prediction markets space with S&P 500 event-based options, allowing customers to bet on index movements. This move follows Coinbase and Robinhood's expansion into the sector. The planned offering would provide a new way for investors to engage with the market, potentially increasing trading activity and competition in the space, impacting the broader financial industry.