Schwab’s Predictive Bet? They’re Only Betting on Wall Street, Not Football
In a version of investor theatre that would make Stephen Fry blush, the chief executive, Rick Wurster, told the crowd that the firm is flirtingly poking at the idea of offering a “prediction market” service sometime down the road. He even admitted that it’s “not of tremendous interest” for most clients-so we’re obviously only talking to the financial nerds.