Interactive Brokers (NASDAQ:IBKR), an automated global electronic broker, today announced the planned launch of Forecast Contracts on upcoming US election results.
This innovative addition allows US investors to trade their predictions on US political outcomes, alongside contracts on economic data releases and climate indicators, through the ForecastEx exchange. Forecast Contracts on US election results will begin trading on October 3 at 5:15 pm ET.
With the introduction of election-focused contracts, investors now have a powerful tool to manage portfolio risks tied to political uncertainty, while also expressing their views on key global events. By trading Forecast Contracts, investors can protect their portfolios from election-driven market movements or capitalize on their political insights.
Thomas Peterffy, Founder and Chairman of Interactive Brokers, remarked:
“Forecast Contracts allow investors to act on the most crucial issues shaping our future. These contracts give traders a direct line to market sentiment on elections, helping them manage risk or express views on political events.”
Forecast Contracts settle at a predefined value based on the event’s outcome — $1 for a correct prediction and $0 for an incorrect one — offering investors a simple, transparent way to engage with political and economic events. Forecast Contracts on US election results are only available to eligible US residents.
Interactive Brokers plans to expand ForecastEx globally, covering a broader range of election events and other major issues. This strategic offering strengthens Interactive Brokers’ position as a leader in innovative financial products, giving investors a new edge in navigating politically uncertain markets. The CFTC-regulated ForecastEx LLC is a wholly-owned subsidiary of Interactive Brokers.
