Interactive Brokers announced significant investor interest in Forecast Contracts related to the 2024 US election. Since their launch on October 3, 2024, over 1,000,000 Election Forecast Contracts have been traded.
These contracts allow eligible US investors to trade predictions on political outcomes, economic data releases, and climate indicators via the ForecastEx exchange. Thomas Peterffy, Founder and Chairman of Interactive Brokers, noted the substantial demand.
This early volume underscores the growing relevance of political prediction markets and provides investors with a straightforward way to hedge against political volatility or take positions on key outcomes.
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