Schwab CEO: ‘Absolutely Open’ to Event-Based Prediction Markets

Rick Wurster, President and CEO of The Charles Schwab Corporation, joins Bloomberg Businessweek Daily to discuss the firm’s latest earnings report, adding that Schwab is “absolutely open” to adding a prediction market feature to its platform “within the context of an investment portfolio.” Wurster says that at the moment, prediction markets aren’t high on the list of client wants and needs, and also says that as trading and client volume remains robust, Schwab isn’t seeing undue geopolitical concern from clients. Wurster speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)