Reported 22 days ago
Interactive Brokers is targeting the gambling market for U.S. elections but faces legal challenges due to ongoing court appeals regarding the Commodity Futures Trading Commission's regulations. Founder Thomas Peterffy discusses the potential for trading forecast contracts before the 2024 elections, emphasizing the long-term vision for the platform to focus on various forecasting contracts related to economic and climate indicators. Additionally, Peterffy notes the competitive advantages of their offerings in the presidential election betting market.
Source: YAHOO