By Isaac • June 21, 2026 1:24 pm •
Charles Schwab is working with Cboe Global Markets to bring yes-or-no S&P 500 contracts to its customers, according to a Wall Street Journal report carried by CoinDesk on June 19, 2026.
The contracts would pay a fixed amount or nothing at all, depending on whether the index closes above or below a preset level.
Rollout is expected in the coming months. It is not live yet.
This is the same outcome-trading lane that turned Polymarket, Kalshi, Coinbase, and Robinhood into names that crypto people watch closely. Now one of the biggest legacy brokerages in the country wants in.
NEW: @CharlesSchwab is entering prediction markets with yes/no S&P 500 options, partnering with @Cboe.
The brokerage joins Coinbase,
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