Schwab predicts 🤔

After launching Bitcoin and Ethereum trading for retail users, Charles Schwab is reportedly eyeing a prediction market rollout with Cboe.

Author

Andrew Hayward
June 20, 2026

ua

📝 What you need to know

Charles Schwab is reportedly jumping into prediction markets, teaming up with Cboe Global Markets, per a Wall Street Journal report. Instead of sports or politics betting, Schwab's sticking to finance: contracts letting people wager on S&P 500 performance.

Schwab is also reportedly planning a "Plus Zone" feature that pays out partial credit if your prediction is close, but not exact. This follows Schwab's earlier moves into crypto, having launched spot Bitcoin and Ethereum trading for retail users. The markets are expected to launch in the coming months, with other indexes possibly added later.

Charles Schwab Planning to Roll Out S&P 500 Prediction Markets With Cboe: WSJ

Global financial institution Charles Schwab is the latest firm hoping to steal a piece of the growing prediction market pie.

📰 In the News

Bitcoin Network Activity Is Rising as BTC Falls Nearly 50% Below Peak Price: CryptoQuant

Activity on the Bitcoin network is surging, CryptoQuant said, but it's not correlating with price movement for its native asset.

GPT-5.6 Rumors Heat Up as Users Swear ChatGPT Suddenly Got Smarter

Many AI users are convinced that OpenAI is quietly running GPT-5.6 inside ChatGPT. OpenAI isn't confirming anything.

House Republican Introduces Insider Trading Bill to Ban Lawmaker Prediction Market Bets

The bill is meant to curb potential insider trading, blocking lawmakers and family members from policy-related prediction market bets.

With over 75 markets, the Myriad World Cup 2026 Contest enables users to make predictions on every single match. A prize pool of $100,000 is on offer for top traders and makers. The top three traders receive $20,000, $10,000 and $5,000 respectively.

📊 Myriad Insight of the Day

World Cup 2026: Who will perform better?
France 57%43% Spain
  
Why it matters
France just leapfrogged Spain as World Cup favorites at +375, after Spain's stunning scoreless draw with Cape Verde. Oddsmakers aren't too worried though—Spain dominated possession and shots, and still sits second at +550, plus remains a heavy -300 group favorite. England and the USA also climbed the board after impressive wins, with USA's title odds dropping from 60-1 to 40-1.
Trade

🕵🏻‍♀️ Editor’s Picks

OpenRouter's Fusion Promises Claude Fable-Level AI for Cheap—Right as Fable 5 Goes Dark

OpenRouter's compound-model API stacks budget AI models—and beat GPT-5.5 and Claude Opus 4.8 outright in benchmark testing.

Amazon Won't Release Sam Altman Film 'Artificial' Following $50 Billion OpenAI Investment

Amazon is pulling out of "Artificial," a film about Sam Altman's brief ouster from OpenAI, not long after investing $50 billion in the firm.

Anime Girls Could Steal Your Crypto as Wallpaper Malware Targets Steam Gamers

Researchers found malicious Wallpaper Engine downloads on Steam Workshop distributing infostealers, backdoors, and account-hijacking malware.

🥇 Be First to Market With Myriad

Join the Myriad Markets Telegram to see the latest prediction markets the second they drop!

With Myriad, the on-chain prediction market launched by Decrypt’s parent company DASTAN, you can break the news and stake the news, using USDC and points.

📚 Watch & Learn

📹️ WATCH: Walrus Memory Enables AI Agents to ‘Actually Learn About Us’: Mysten Labs Co-Founder

Brought to you by Walrus

🎓️ LEARN: What Is Hyperliquid? The Decentralized Exchange With Its Own Blockchain

Hyperliquid’s decentralized exchange has rapidly grown to become one of the biggest projects in crypto. Here’s how it works.

Interested in partnering with Decrypt? Find out more here.