Thursday, July 4, 2024

Interactive Brokers introduces ForecastTrader

Next week, Interactive Brokers will go live with ForecastTrader, which will allow account holders to trade forecast and event contracts, similar to those offered on prediction markets like Kalshi. This is the first time that a mainstream company has offered most of these contracts, and will be a good barometer of what to expect going forward. If the Interactive Brokers contracts gain much traction, we can expect to see other retail brokers following suit.