Schwab to launch binary S&P 500 prediction contracts via CboE
Charles Schwab is set to roll out binary, all‑or‑nothing options on the S&P 500 through CboE, letting retail clients bet whether the index closes above or below a preset level. The product, dubbed a prediction‑market style contract, adds a new betting‑style layer to the broker’s suite and could broaden exposure to emerging prediction‑market platforms.