US EditionSchwab CEO sees value in economic markets but rejects gambling
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Schwab CEO sees value in economic markets but rejects gambling
The post Schwab CEO sees value in economic markets but rejects gambling appeared on BitcoinEthereumNews.com. Rick Wurster, the President and CEO of the Charles Schwab Corporation, argues that prediction markets focusing on economic events and financial outcomes offer critical indicators for investment decisions. Nonetheless, he clarified that sports betting is not aligned with the brokerage’s primary goals. This news was made public after Wurste…
Charles Schwab CEO Rick Wurster stated that predictive markets can offer useful signals to investors when linked to economic or financial events, but rejected their relationship to sports betting as contrary to the firm's mission. *** Wurster noted that predictive markets can provide probabilistic information useful to investors. Schwab evaluates the use of probability data without necessarily operating its own market. The firm dismisses sports …
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