On July 2, Charles Schwab rose 3.02% in regular trading, trading at $95.11/share, with turnover of $207 million. The rally was driven by continued momentum from the company's collaboration with Cboe Global Markets to expand into prediction markets.

According to reports, Cboe recently launched its new prediction trading product line, Cboe Predicts, with the first offerings being binary options contracts linked to the mini S&P 500 index. Charles Schwab's head of trading services expressed optimism about this innovative model and plans to offer these contracts to active trader clients in the coming months. Additionally, the firm will introduce an options product featuring Cboe's \"the plus zone\" functionality, which allows traders to receive partial payouts when their directional predictions are approximately correct, even if the index closing price does not exactly match their forecast.

Across the Investment Banking & Brokerage sector, prediction market-related names saw broad strength, with Robinhood up 8.02%, Interactive Brokers up 6.41%, and Futu Holdings up 5.76%, reflecting sustained capital interest in the prediction market theme.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)