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StocksMedium•19 June 2026•

1 min read

Charles Schwab Enters Prediction Markets via Cboe Partnership

Key Facts

1Charles Schwab plans to offer yes-or-no prediction contracts tied to the performance of the S&P 500 index.

2The brokerage is collaborating with Cboe Global Markets to launch this new initiative.

In a move reflecting the growing retail appetite for non-traditional financial instruments, Charles Schwab has announced plans to enter the prediction market space. The brokerage intends to offer binary 'yes-or-no' contracts tied directly to the performance of the S&P 500 index. This new initiative is being launched in collaboration with Cboe Global Markets to handle the execution and infrastructure of these contracts.

This expansion comes as trading platforms compete fiercely for retail liquidity, with Schwab following the lead of firms like Robinhood that recently introduced similar features. Per market data, CBOE shares closed at $249.1 and SCHW shares at $91.7 as of June 18, 2026. Analysts suggest that these binary outcome products are designed to boost client engagement and diversify revenue streams beyond traditional commission models.

Investors are currently monitoring SCHW support levels near its recent low of $90.86 (close June 18, 2026). Looking ahead at the economic calendar, market sentiment may be influenced by upcoming U.S. retail sales and industrial production data, which serve as key drivers for the S&P 500 index targeted by these new contracts. Speeches from central bank officials in the coming week will also be critical for assessing broader market liquidity trends.