Charles Schwab and Citadel Securities executives have separately aired interest in prediction markets, but each is looking to steer clear of sports offerings.
Charles Schwab and Citadel Securities are exploring entry into prediction markets, with Schwab CEO hinting at a potential offering. The combined trading volume for leading platforms Kalshi and Polymarket reached a record $23.6 billion in March. However, both firms indicated they would avoid sports betting-focused products, instead looking at event contracts for hedging investment risks like election outcomes.
