Charles Schwab and Citadel Securities Consider Entering Prediction Markets

According to Cointelegraph, traditional financial giants Charles Schwab and Citadel Securities are both considering entering the prediction market space. Charles Schwab CEO Rick Wurster stated during a conference call, "I think at some point, we are very likely to launch prediction markets." He added that when he recently asked a group of Charles Schwab clients about their views on prediction markets, they showed "little interest," but the company will "seriously study" this field and noted that "providing prediction market services would be relatively easy for us." Meanwhile, the president of Citadel Securities said at the Semafor conference held in Washington, D.C., that the company is "absolutely keeping a close eye" on the development trends of prediction markets.