ForecastEx LLC, a CFTC-registered Designated Contract Market and Derivative Clearing Organization, announced the launch of Forecast Contracts on upcoming US election results. Trading for these contracts commenced at 7:15 AM CT on October 4, 2024.
These contracts enable customers of ForecastEx Members, including Interactive Brokers LLC, to trade predictions on political outcomes. This offers a mechanism to either hedge against election-related uncertainty or to profit from political insights.
The available election events for trading include predictions on the US presidential election, US Senate races, and party control of each chamber of Congress. The contracts settle at $1.00 for a correct outcome and $0 for an incorrect one.
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