Charles Schwab plans S&P 500 prediction markets with Cboe

Charles Schwab is working with Cboe to launch S&P 500 'yes-or-no' binary options contracts: WSJ

Schwab and Cboe launch S&P 500 binary options, deploying $13 trillion in retail assets into prediction markets while bypassing sports-betting litigation. The move signals institutional adoption of prediction contracts as a mainstream financial product, shifting edge away from crypto-native competitors.