With Robinhood and Coinbase jumping into prediction markets this year, more financial players have tied their growth to products once associated with sports gambling.
Charles Schwab is one brokerage firm happy to stay on the sidelines. “I think there is a really bright line between gambling and investing,” says Rick Wurster, Schwab’s CEO. “The blending of those two is not a great thing.”
See more from the Journal’s interview with Wurster on prediction markets, young investors and how he views Trump accounts.
