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Interactive Brokers has announced the launch of Forecast Contracts on U.S. election outcomes. This new offering allows users to bet on the results of the upcoming U.S. presidential election. The initiative, led by Thomas Peterffy's firm and ForecastEx LLC, marks a significant move into the realm of political betting. The contracts will be available as of this afternoon. This development highlights the growing intersection of gambling and trading in the financial markets. Notably, U.S. election betting is legal in Canada.
UPDATE The first legal US presidential election betting exchange launches tomorrow via @Kalshi Moneyline sports book betting on elections must be approved by each jurisdiction. Some states specifically prohibit wagering on elections USA election betting is LEGAL in Canada 🇨🇦 https://t.co/6BByNrz6ew
$IBKR ForecastEx LLC Launches Contracts on U.S. Election Outcomes 🎲
"... today announced the planned launch of Forecast Contracts on upcoming US election results" Interactive Brokers Introduces Forecast Contracts on Election Outcomes https://t.co/0J8mhPq3g7
