Prediction markets just got a major endorsement from Wall Street.
Charles Schwab, managing over $13 trillion in client assets, is entering the prediction market space with S&P 500 binary options through a partnership with Cboe. These simple yes-or-no contracts allow investors to make defined-risk market predictions with fixed outcomes.
What makes this launch noteworthy is Cboe's new "Plus Zone" feature, which offers partial payouts when traders are directionally correct but miss the exact target.
As one of America's largest brokerages embraces event-based trading, prediction markets are rapidly moving from niche platforms to mainstream finance.
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