Prediction markets have “enormous” growth potential, Thomas Peterffy, the billionaire founder of the retail brokerage ...

Event contracts give markets a way to price in an uncertain future, says Interactive Brokers founder Thomas Peterffy.

Interactive Brokers said its prediction platform registered a jump in Vice President Kamala Harris’ odds of winning the U.S.

While skeptics of prediction markets have warned that they are vulnerable to manipulation, he said doing so is a crime and is ...

For weeks leading up to the contest, prediction websites were cited—and often questioned—for showing the former president as a heavy favorite over Kamala Harris, even as poll after poll pegged it as a ...

On Thursday October 3, the stock trading platform Interactive Brokers Group introduced election forecast contracts, becoming the first major U.S. financial institution to offer customers the ...

As Donald Trump’s victory in the U.S. presidential election became clear Wednesday, so too did the power of betting websites to predict political outcomes. For weeks leading up to the contest ...

The Harris surge was so dramatic on IBKR that Thomas Peterffy, the founder and chairman of Interactive Brokers, put out a statement on Friday commenting on it. "Last night, Kamala Harris ...