Schwab Considering Prediction Markets, Netflix Earnings

<p>Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.</p> <p>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 &ldquo;taking a hard look&rdquo; 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&rsquo;s focus on building clients&rsquo; long-term wealth.</p> <p>&ldquo;Prediction markets that are not aligned to that are not something we want to pursue,&rdquo; Wurster said on the call with analysts to discuss first-quarter results.</p> <p>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&rsquo;t offer.</p> <p>This episode features:</p> <ul> <li>Schwab CEO Rick Wurster on earnings, prediction markets, financial sector health</li> <li>Verena Ross, European Securities and Market Authorities Chair</li> <li>Margi Murphy, Bloomberg News Cyber Reporter on Anthropic's race to assess the dangers of its new AI-model Mythos</li> <li>Eric Clark, Accuvest Global Advisors CIO and LOGO ETF Portfolio Manager</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>