Interactive Brokers announced the Canadian launch of Forecast Contracts, expanding its event-based prediction markets to eligible residents in Canada. This initiative broadens the availability of this innovative product to a new international market.
Forecast Contracts allow investors to trade predictions on various outcomes, including political events, economic data releases, and climate indicators. This provides Canadian clients with new tools for risk management and expressing market views.
This expansion follows the successful introduction of Forecast Contracts in the US, demonstrating Interactive Brokers' strategy to grow its presence in prediction markets globally.
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