Morning Edition · Saturday, June 20, 2026Published at 6:26 AM EDT · New York

Prediction Markets Court Wall Street as Kalshi Weighs IPO and Schwab Plans Event Options

A regulated event-contract venue is considering a public listing on $2 billion of annualized revenue while a major brokerage prepares wagers on index moves, bringing a once-marginal market into the mainstream.

Prediction markets, where participants buy and sell contracts that pay out based on the outcome of a real-world event, are moving into the financial mainstream. Kalshi, a US-regulated event-contract exchange, is exploring a public listing f…