Interactive Brokers launches unified prediction markets platform
Interactive Brokers Group Inc. (NASDAQ: IBKR) announced the launch of a unified platform for trading prediction markets across three exchanges: Kalshi, CME Group, and ForecastEx. The platform allows clients to access and trade contracts from all three prediction market venues through a single interface.
The system aggregates similar contracts from connected prediction market exchanges into one searchable interface. An order management system automatically selects the destination with the best net price, eliminating the need for clients to open or fund separate accounts at each exchange.
The platform integrates within Interactive Brokers' existing trading environment, enabling clients to manage prediction market positions alongside other assets including stocks, options, forex, futures, crypto, and bonds. The initial focus includes election outcomes, climate events, and economic indicators.
"Prediction markets are reshaping how investors think about risk and uncertainty," said Milan Galik, Chief Executive Officer of Interactive Brokers. "We decided to offer flexible access to this rapidly growing market across multiple venues from a single platform."
"IBKR is the gold standard in the global financial broker industry," said Tarek Mansour, co-founder and CEO of Kalshi. "Its integration with Kalshi is a testament to the growing importance of prediction markets for sophisticated investors and financial institutions."
Terry Duffy, CME Group Chairman and Chief Executive Officer, stated: "We are pleased that IBKR clients can connect to CME Group prediction markets to trade their views on benchmarks and economic indicators."
The platform provides consolidated portfolio management with real-time position tracking and unified reporting across all prediction market holdings and other portfolio assets. Contracts from Kalshi and CME Group are being added on a rolling basis for eligible clients.
