Predicting the future of prediction markets
Four leaders from companies in the prediction markets ecosystem discuss how this new asset class has evolved and where it is headed at the FIA's Boca 2025 conference.
https://t.co/8x8d7C7Ny1
We operate as a Member organization and, while we share common ownership with our Member, Interactive Brokers, LLC, we are separate organizations and share no employees or technology. We are working to expand our list of Members which we post on our website: https://t.co/6ERoiNVRZu
The software through which customers submit orders is designed and operated by your broker and not ForecastEx, the exchange. We solely control the manner by which your broker transmits the order to us. Nonetheless, we will forward your comment to this Member but also suggest that you contact them directly should you have specific design recommendations.
@camundahl@RobinhoodApp The customers do that. We built it so customers can trade with customers without having to trade with incentivized members or specialists and it worked. 99% of the pairings on the PRES contracts were customer v customer.
@camundahl@RobinhoodApp Pairing logic. If Y bid + N bid = $1.01 then they are 'paired' and sent to the clearing house fully collateralized. Upon resolution of the contract the correct bid get's paid $1 and the incorrect bid gets $0. The remaining penny is the only fee ForecastEx collects.
@nostress Just to clarify. Robinhood applied for clearing membership at ForecastEx and our team worked with their engineers to onboard them. That cooperation was unique. That is how they are able to offer Forecast Contracts to their customers.
We will be temporarily expanding our trading hours starting at 2AM CT tomorrow, November 3, 2024. See the Notice to Members regarding this change:
https://t.co/h8HaB2CKYn
Open Interest for Forecast Contract event pairs stands at 103.3 million as of the close of our morning session today. This marks the first time since our August 1, 2024 launch date that it's exceeded 100 million.
@amitisinvesting@SachivM99@IBKR ForecastEx is the listing exchange for the contracts. Robinhood Derivatives is now a Clearing Member of ForecastEx and therefore offering its customers the ability to transact in our election contracts.