Charles Schwab CEO Rick Wurster stated that prediction markets related to macroeconomic and financial outcomes can provide investors with event probability signals and may be used to hedge risks such as inflation and employment. Charles Schwab may display relevant probability data to clients in the future but will not directly offer event trading; he also explicitly opposes sports betting, stating it does not align with the company's investor-centric positioning. (The Block)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Charles Schwab CEO Rick Wurster stated that prediction markets related to macroeconomic and financial outcomes can provide investors with event probability signals and may be used to hedge risks such as inflation and employment. Charles Schwab may display relevant probability data to clients in the future but will not directly offer event trading; he also explicitly opposes sports betting, stating it does not align with the company's investor-centric positioning. (The Block)