Schwab and Cboe Build Prediction Markets for Retail

Charles Schwab is partnering with Cboe Global Markets to launch prediction markets tied to financial events—Fed decisions, earnings, economic data—for its 35 million retail customers. Reuters reported the partnership on June 19, 2026. This marks the first major mainstream brokerage entry into event contracts, moving the product from niche platforms like Kalshi into institutional-grade distribution channels.