Charles Schwab, Citadel Securities are eying prediction markets

Charles Schwab and Citadel Securities executives have both aired early interest in getting involved in prediction markets, but are looking to steer clear of sports offerings.

Traditional finance giants Charles Schwab and Citadel Securities said they’re in the early stages of looking at how they could get involved in prediction markets.

“I think at some point we likely will have prediction markets,” Rick Wurster, the CEO of the banking and investing titan Schwab, told investors during a call on Thursday.

He added that prediction markets weren’t “of tremendous interest” when he recently asked a group of Schwab clients about them, but it was an area the company would “take a hard look at, and it would be quite straightforward for us to offer.”

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