Overview
- Interactive Brokers has launched a unified event‑trading feature that aggregates contracts from Kalshi, CME Group, and ForecastEx and routes orders to the best available price.
- Founder Thomas Peterffy said IBKR treats prediction‑market prices as vital signals that help clients read changes in the economy, elections, and climate risk.
- IBKR is excluding sports markets and is instead offering contracts tied to economic indicators, electoral outcomes, and climate developments for professional and institutional users.
- Kalshi has just raised about $1 billion at a reported $22 billion valuation, and its co‑founders say Peterffy attempted to buy the company in 2021 but was turned down.
- Regulators have moved toward clearer CFTC oversight of event markets, yet sports wagers on platforms like Kalshi have prompted lawsuits from betting firms and some state regulators that could limit product scope and partnerships.