Interactive Brokers announced the planned launch of Forecast Contracts on upcoming US election results. This new offering allows US investors to trade predictions on political outcomes, economic data releases, and climate indicators.
Trading for these election-focused contracts is set to begin on October 3, 2024, at 5:15 pm ET. The contracts will be available through the ForecastEx exchange, a CFTC-regulated, wholly-owned subsidiary of Interactive Brokers.
The introduction of these contracts provides investors with a tool to manage portfolio risks tied to political uncertainty or to capitalize on their political insights. Contract prices will range from $0.02 to $0.99, reflecting market consensus on event likelihood.
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