financetom
Business
financetom
/
Business
/
Market Chatter: Interactive Brokers Plans to Launch US Presidential Election Bets
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Interactive Brokers Plans to Launch US Presidential Election Bets
Sep 13, 2024 12:13 PM

11:07 AM EDT, 09/13/2024 (MT Newswires) -- Interactive Brokers ( IBKR ) plans to launch a market next week for users to bet on the result of the US presidential election, The Wall Street Journal reported Thursday, citing Thomas Peterffy, the company's founder and chairman

The brokerage plans to follow up by offering similar bets on swing-state US Senate races, the report said.

Peterffy's announcement follows a ruling by US District Judge Jia Cobb of the District of Columbia denying an attempt by the Commodity Futures Trading Commission to block trading platform Kalshi from starting a betting market on congressional-control markets.

Shares of Interactive Brokers ( IBKR ) rose 3.6% in recent trading Friday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 128.07, Change: +4.47, Percent Change: +3.62

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved