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Interactive Brokers Group ($IBKR) is launching a new type of contract that allows customers to wager on future events related to the economy and climate. The contracts enable users to take yes-or-no positions on questions such as whether the Consumer Price Index (CPI) will rise above a certain number or if the global temperature will reach specific levels. This new prediction market aims to treat economic indicators like the CPI more like regular futures contracts, potentially with each 0.1 change having a tick value of $1000.
Interactive Brokers $IBKR is launching contracts that allow customers to wager on future events related to the economy and climate. The contracts let users take yes-or-no positions on questions such as whether the CPI will rise above a certain number or if the global temperature…
Interactive Brokers $IBKR is launching contracts that allow customers to wager on future events related to the economy and climate The contracts let users take yes-or-no positions on questions such as whether the CPI will rise above a certain number or if the global temperature…
I’m not a fan of these binary outcome products. But treating CPI more like a regular futures contract makes sense. Maybe each 0.1 has a tick value of $1000? Want to Bet on the CPI or Jobs Report? A Prediction Market Is Coming to This Brokerage https://t.co/mJcrlhu9eu