Schwab CEO Rick Wurster has indicated that prediction markets related to macroeconomic and financial outcomes could provide investors with signals on event probabilities. These insights may be used to hedge against risks such as inflation and employment. While Schwab may present this probability data to clients in the future, the firm will not directly offer event trading. Wurster also expressed opposition to sports betting, stating it does not align with the company's investor-focused approach.
Schwab CEO Considers Offering Probability Data from Prediction Markets
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