$800B Interactive Brokers Launches Prediction Markets Platform With Kalshi, CME Integration

Interactive Brokers, with over $800 billion in assets under management, has announced the launch of its unified prediction markets platform. The platform notably integrates markets from Kalshi, CME Group, and ForecastEx, as Wall Street continues to seek access to prediction markets.

Interactive Brokers Launches Unified Prediction Markets Platform

In a press release, the broker announced the launch of its unified interface for trading prediction markets across Kalshi, CME Group, and ForecastEx. As such, investors will be able to access and trade contracts across all three exchanges from a single platform with access to several asset classes, including stocks, options, forex, futures, crypto, and bonds.

Interactive Brokers further noted that this platform aggregates similar contracts from all connected prediction-market platforms into a single searchable interface. “An intelligent order UI helps clients view liquidity across markets and automatically selects the destination with the best net price — all without the need to open or fund separate accounts at each exchange,” the release read.

This marks Interactive Brokers’ latest move into the crypto ecosystem. As CoinGape reported earlier, the broker launched Nano Bitcoin and Ethereum futures via Coinbase Derivatives earlier this year.

Meanwhile, the IBKR’s prediction markets platform is fully integrated within the broker’s trading environment. As such, clients will be able to manage their prediction market positions along with existing portfolios. The firm added that its platform will initially focus on election outcomes, climate events, and economic indicators.

These Markets Are Reshaping Investors’ Views On Risk And Uncertainty

Commenting on the launch of their prediction markets platform, Milan Galik, Chief Executive Officer of Interactive Brokers, said that prediction markets are reshaping how investors think about risk and uncertainty. He noted that they decided to offer flexible access to this rapidly growing market across multiple venues, which aligns with the convenience their clients are used to when trading U.S. stocks or options.

Galik added that the platform combines the execution advantages of competing platforms with the trusted infrastructure that their clients rely on. “We will expand access to additional notable exchanges soon,” he revealed.

The move to integrate the top crypto prediction markets, Kalshi and other exchanges, comes as Wall Street seeks access to these markets. Asset managers Bitwise, Roundhill, and GraniteShares have all filed with the SEC to launch prediction markets ETFs.

Meanwhile, Interactive Brokers’ stock is up amid the move to launch a unified prediction platform. The IBKR stock is currently trading at around $87, up almost 2% today, according to TradingView data.