Schwab Considering Prediction Markets Tied to Finance Events

Published: 2026-04-16 16:21:54 ET SCHW

Published on 04/16/2026 at 04:21 pm EDT

Schwab is "taking a hard look" at prediction markets, Chief Executive Officer Rick Wurster said on a conference call Thursday, but would stay away from allowing customers to place wagers on sports or pop culture, given the firm's focus on building clients' long-term wealth. Schwab's CEO, Rick Wurster, joined Bloomberg Businessweek Daily to discuss.

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