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Charles Schwab President and CEO Rick Wurster indicated that America’s largest discount brokerage will likely support prediction markets.
Charles Schwab plans to support prediction markets limited to financial events, avoiding pop culture and sports.
KEY POINTS
- The firm will roll out Bitcoin and Ethereum trading in the coming weeks at a 0.75% fee.
- Schwab intends to expand crypto offerings with deposit, withdrawal, and additional token support features.
- The company is not quickly launching prediction market products, citing low client demand and gambling risks.
COMPANIES
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