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Charles Schwab and Citadel Securities are considering entering the forecasting market. Charles Schwab and Citadel Securities are both considering entering the prediction market, where Kalshi and Polymarket just hit a record $23.6 billion in volume in March. CEO Schwab said the company "very likely will" participate but will completely avoid sports, political, or popular culture betting as it doesn't align with its long-term asset-building strategy. The chairman of Citadel Securities also confirmed that they are closely monitoring this sector and see clear potential in event contracts such as election contracts, where investors can use them to hedge portfolio risk. Neither of them is interested in the sports sector. This development comes amid market expectations of legal pressure from state regulators and some US federal lawmakers.

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