Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Charles Schwab is likely to launch prediction markets linked to financial events as competitors including Robinhood Markets Inc. expand their presence in the space.Schwab is “taking a hard look” at prediction markets, Chief Executive Officer Rick Wurster said on a conference call Thursday, but would stay away from allowing customers to place wagers on sports or pop culture given the firm’s focus on building clients’ long-term wealth. “Prediction markets that are not aligned to that are not something we want to pursue,” Wurster said on the call with analysts to discuss first-quarter results. Retail investors can already access prediction markets via a number of platforms, including Robinhood, Kalshi, Polymarket and Interactive Brokers Group. The majority of event-based wagering centers around sports, which Wurster said Schwab won’t offer. This episode features: Schwab CEO Rick Wurster on earnings, prediction markets, financial sector health Verena Ross, European Securities and Market Authorities Chair Margi Murphy, Bloomberg News Cyber Reporter on Anthropic&#x27;s race to assess the dangers of its new AI-model Mythos Eric Clark, Accuvest Global Advisors CIO and LOGO ETF Portfolio Manager See omnystudio.com/listener for privacy information.

Schwab Considering Prediction Markets, Netflix Earnings 

Bloomberg Businessweek

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Bloomberg Audio Studios. Podcasts. Radio. News. This is Bloomberg Business Week Daily. Reporting from the magazine that helps global leaders stay ahead. With insight on the people, companies, and trends shaping today's complex economy. Plus, global business, finance, and tech news as it happens. The Bloomberg Businessweek Daily Podcast. With Carol Massar and Tim Stenovec on Bloomberg Radio.

Talk to us about the quarter because on several metrics, you guys definitely beat, and yet we do see the stock down on that revenue miss based on analyst estimates.

Schwab Considering Prediction Markets, Netflix Earnings

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Schwab Considering Prediction Markets, Netflix Earnings

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.