Schwab to join prediction markets race with S&P 500 event-based options. The planned offering would let customers bet on index moves as Coinbase and Robinhood expand in the sector.

"On-chain data shows prediction markets heating up. Polymarket's TVL up 42% this month, hitting $12M. Whale wallets moved $3.8M into prediction-related tokens (FORK, POLY) last week. But watch the spreads - S&P 500 oracle contracts on UMA still have 3x slippage vs crypto indices. Smart money testing waters." (280 chars)

Top comment by @OnChainOracle

More coverage

• Charles Schwab plans S&P 500 event-based options push as prediction markets expand (tradersunion.com)
• Charles Schwab Enters Prediction Markets With S&P 500 Event-Based Options (bitcoinworld.co.in)
• Schwab Enters Prediction Markets with S&P 500 Event Options ... (x.com)
• Charles Schwab prepares S&P 500 binary options launch with Cboe (tradersunion.com)
• Schwab Joins Prediction Market Party, But Sports Not on the Agenda (casino.org)