Prediction-markets

The Wall Street Journal reported Friday that Schwab and Cboe will launch S&P 500-linked binary options for retail customers in the coming months. Schwab's 47 million accounts will sit one tab over from contracts Polymarket and Kalshi have spent three years building a category around.

CFTC Chairman Mike Selig told the House Agriculture Committee that Microsoft Copilot and new AI surveillance tools are compensating for a 23 per cent staffing reduction at the agency now responsible for overseeing both crypto spot markets and prediction platforms.

The platform launched Polymarket USD, a wrapped stablecoin backed one-to-one by USDC, alongside a rebuilt trading engine and upgraded smart contracts that cut gas costs for its 300,000-plus active traders.